almost anyone can have their own bank
the problem is when you want to move money or receive money then you have to deal with other banks
thats when your problems begin.
so for example you could have a bank
that only dealt in eur zar and nzd
and open an account with UBS Standard Bank and Westpac Welly.
but then those are the only currencies you can accept
if you want USD you have to have an account with Chase NYK or someone like that and this wont be approved.
the problem is when you want to move money or receive money then you have to deal with other banks
thats when your problems begin.
so for example you could have a bank
that only dealt in eur zar and nzd
and open an account with UBS Standard Bank and Westpac Welly.
but then those are the only currencies you can accept
if you want USD you have to have an account with Chase NYK or someone like that and this wont be approved.
wvu thats not correct
anyone can open their own bank in a caribbean country with 100 k or more (depending on the licence you want) or cook islands
as i said the problem is that other banks wont open accounts for them to receive money
it is feasible for the book owner to start a bank but you can be sure USD will not be an option for them - funding nor receiving
anyone can open their own bank in a caribbean country with 100 k or more (depending on the licence you want) or cook islands
as i said the problem is that other banks wont open accounts for them to receive money
it is feasible for the book owner to start a bank but you can be sure USD will not be an option for them - funding nor receiving
