4 ms·

I went to a meetup once where Radoslav presented Bitbond. Referring to it as a bank is quite a stretch.

• viraptor 8y ago
  If it's registered as a bank, it's a bank. As long as you get all the usual regulation and protection, why wouldn't you think it's a bank?
  • psergeant 8y ago
    > why wouldn't you think it's a bank? The Bitbond site says “See no bank. Hear no bank. Speak no bank.”
  • Jdam 8y ago
    In fact, it’s not registered as a bank. It’s registered as a financial services company: https://www.crowdfundinsider.com/2016/10/91093-brief-german-bitcoin-startup-bitbond-recieves-bafin-licence/ https://www.crowdfundinsider.com/2016/10/91093-brief-german-... In addition, it’d be quite weird if a random startup can get a banking license just like this. Consider N26, the Berlin-based fintech “bank” and unicorn took years and just got theirs some months ago.
    • viraptor 8y ago
      The article says: "In 2016, Bitbond was officially licensed as a bank and has gained many investors since." Maybe the article is wrong then.
      • madeofpalk 8y ago
        It is.
  • chmars 8y ago
    It’s not a bank: https://news.ycombinator.com/item?id=17057934 https://news.ycombinator.com/item?id=17057934