EMI or bank account for USA Crypto business?

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prepaiddays

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Feb 19, 2021
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Does anyone know of an EMI or Bank that accepts crypto businesses from the USA? I already have a full kyc/aml policy, privacy policy, AML officer, etc.
The account would not be used to receive any customer payments. Just need somewhere under my LLC name to receive settlement payments from payment processor.
 
Don't know if that is possible. Start with asking Mercury bank if they can. After‌ that, you want to take one bank by one. Or pay someone to give you‍ the names for the bank's that do.

FidorBank is a possible option.
 
Mercury, signature, Silvergate, and Medici, have all declined thus far. I will check⁠ with FidorBank now thanks for the recommendation.
 
Not yet, it seems‌ Metropolitan commercial bank in NY may be willing to onboard if you can bring in‍ $500,000 a month volume.
 
there's also an⁠ option of registering your crypto business in BVI or HK, which will be working only⁤ with crypto and have no fiat banks. then you register an LLC or anything else⁣ that you want, as a 'service provider to other companies' (a contracting firm of a⁢ kind, or a service provider, that "has nothing to do with crypto" ) so that︀ service provider of yours will be the one with fiat on ramp and off ramp,︁ but payments across your BVI or HK business to that provider company will be in︂ crypto. That way your service provider is not in a "crypto business" while it still︃ of course can use crypto in any exchanges that will open you a business account︄ (Kraken, Coinbase, BlockFI [though you should avoid blockfi until they solve their issues], FTX.US, Binance.US,︅ Gemini, and so on) so the fiat to crypto exchange and vise versa is done︆ by "service provider" company for whatever services it does (like building the actual platforms and︇ websites of the crypto business) and the crypto fundraising and all operations are done by︈ the HK or BVI registered entity. It's a legal approach, nothing shady. But you should︉ consult with a legal advisor because this info of mine is from 5 months ago,︊ things might've changed. I don't use this approach personally yet, but I plan to (and︋ when I'll start using it I'll get an up to date legal advice one more︌ time, that's a must, regulations change every day.... )

Oh and by the way, Bank of America is‍ happily moving around my dollars to crypto and back, for the last 2 years, in⁠ amounts of up to 100k, with no questions asked, I highly recommend BoA (I'm connecting⁤ them directly to crypto exchanges and it just works). Schwab is also amazing, I used⁣ them too, but for smaller amounts, no questions either. Check with both of them, before⁢ you start moving large sums though, call a branch or meet a banker at the︀ branch, to avoid any possible hiccups.
 
They didn't provide a reason but yes I've found‍ a solution. You can potentially try FV Bank for a crypto friendly bank.
 
tyrexoid said:
Oh and by the way, Bank of America is happily moving around my dollars to crypto and back, for the last 2 years, in amounts of up to 100k, with no questions asked, I highly recommend BoA (I'm connecting them directly to crypto exchanges and it just works).
Click to expand...
BoA explicitly told me that they don't like crypto. Last time I asked was a few months ago this year. I wanted to use it for sending fiat to Rockwell trades. I suspect that your transactions are just not being monitored.

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