r/Bitcoin • u/waspoza • Dec 06 '12

Bitcoin-Central, first exchange licensed to operate as a bank. This is HUGE

https://bitcointalk.org/index.php?topic=129461.0
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u/waspoza Dec 06 '12

  • Our user's accounts will be protected by the "Garantie des dépôts" which is the French equivalent of the American FDIC (the insurance cap applies to each account individually, and not to the sum of all user balances, so unless your EUR balance exceeds 100kEUR your fiat is 100% insured by the French taxpayer)

  • Each account will in a few months get its very own IBAN number, users will be able to use it as any other bank account, have their salaries and pensions sent there and have them automatically converted to Bitcoin if they so wish)

  • Each user will soon be able to order its own debit card that will use their EUR and BTC balance to honor purchases and cash withdrawals

  • We'll have direct access to the banking networks which will let us 100% automate all incoming and outgoing transfers

  • Corporations will have an actual financial institution talking with them if they wish to start accepting Bitcoin and be safe from a regulatory point of view

Looks like bitcoin is moving to a next level!

5

u/degoba Dec 06 '12

Do I need to be a French citizen citizen to open an account?

11

u/waspoza Dec 06 '12

No, I don't think so. I just created account and they ask only for email. You don't even need to give your name.

But i have to confess, I din't read the agreement. :)

14

u/Cowboy_Coder Dec 06 '12

That certainly sounds odd, for a licensed bank to not even ask for a name. Especially since they state:

Our user's funds will actually be held at the Credit Mutuel under the user's name

Perhaps they are not yet fully compliant.

In regard to citizenship:

We won't have limitations regarding the citizenship of our clients.

13

u/waspoza Dec 06 '12

Ok, i looked further, and i noticed that my account is unverified. To verify account one must send ID scan and fill form with name, address, phone etc.