Has come true! At last, there was a real team from the banking sector which has undertaken to create the first cryptocurrency Bank.
So what is the main problem of cryptocurrencies and why the governments of the countries resist their distribution? If we remember the history of bitcoin, then it is obliged by its popularity to the “silk road” platform -- the biggest platform of the darknet where it was possible to buy drugs and the accompanying services. It is possible that if this black page of the history of the main cryptocurrency was absent, people wouldn't know about all advantages of cryptocurrencies now.
Unfortunately, because of “silk road” many had had an opinion which doesn't change still — the Bitcoin it is black money on which it is possible to buy only a bomb or to order the murder. Each state has its own currency and any other currency created by people by default is recognized as a monetary substitute. But we have passed that stage when the states could resist the influence of growth of cryptocurrencies and the Blockchain technology. All governments of the countries speak about the need to create projects on the Blockchain, thereby confirming the need for the system of the distributed register and cryptocurrencies. For a full introduction in everyday life, there isn't enough integration into the banking system.
The team of developers from Europe has undertaken such idea. This product will be called European Crypto Bank. Full-fledged Bank with the main emphasis on cryptocurrencies. Services of Bank will be traditional: management of assets, deposits, crediting, tax consultation and many other things. Already at the moment, they have a working model of tax reporting, software of KYC and AML that they use in Italy, France, and England for nine years. Nine years! They are people who aren't simply inspired by the cryptomovement, it is a working financial instrument which they want to scale on the cryptocommunity, having brought the next drink of freedom.
The analytical websites give an appreciation to this ICO. FoundICO appropriates to the project 9.2 points. It is high appreciation.
The team is joined by people who directly treat a banking system. One of them has appeared in the center of a scandal about non-payment of taxes and this case which has thundered to the whole Europe, it became the catalyst for the creation of the cryptobank. There is a wish to mark out creators of the project and ideological inspirers. ECB (European Crypto Bank) has been created by the merge of two companies: FORGUES GESTION and WOOSPEAK. These companies were engaged in the management of assets and capitals since 2009 and 2007 respectively. The team is ready for full transparency, legalization of cryptoassets, making use of the experience and accumulating evidential base for further controversial issues. It is that project which practically at the legislative level will fight for cryptoassets, defend their positions in the court and of course — to pay taxes!
It is interesting that ECB considers every well-known exchanges competitor. Personally, my opinion that the exchanges remain them, and anybody has no such unique product yet.
Already on June 1, 2018, developers are ready to provide a beta version of the platform and I look forward this day. Even in the calendar I have marked it)) It will be an enchanting spectacle!
We should pass a lot of things still, regulation from the authorities, "throws", but such financial institution will unambiguously instill confidence even in the most ardent skeptics.
Still, ECB was self-sufficient and was financed by the earnings. But as they want to make a revolution — it is necessary to have money for it. The company initiates ICO for implementation of the big plans. It should be noted their development of COBALT which will help during the auction in the exchange and even at the registration and passing the KYC.
When you will read the Whitepaper, you will see the whole pack of "proof" which will dispel all doubts. The main thing that the states didn't interfere as they love to do it …
Personally, I think that it is a long-term and very interesting project. In the future, we will think how we could exist normally without it but for now, everything only begins ….
You can read more here:
Official ECB site
Whitepaper
Bountyhive Username — Xitcliff
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