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    Author Topic: btcex.com looking for partners  (Read 6700 times)
    bitcoinex (OP)
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    November 25, 2010, 10:22:36 AM
    Last edit: November 25, 2010, 10:34:37 AM by bitcoinex
     #21

    I think you need a banking license to be able to do this in the EU. Basically you are asking to temporarily keep other peoples' money (e.g. mob money) on e.g. my account.

    I think local banking license may be need for you, not for me Smiley

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    If there is no need for a banking license or the costs for such a banking license are low I could start a company doing this. I do understand your crypto talk.

    Let's take an unlikely, but possible scenario. Suppose I get 10M euros in my bankaccount within a few months, it is not impossible that some bells will go off somewhere and that they temporarily freeze my account or find some other excuse to take the assets. I think everyone considering this would be concerned about some Russian mobsters paying a surprise visit however in that case, which is understandable because of course they want their money back.

    Usual risk, as in any business

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    Also, what kind of fees are we talking about here specified in EUR or US$ as I am not familiar with the RUB?

    In percents.

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    Do you know any European bank which has an automated interface to its banking services which does not require human interaction?

    No.

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