EQIBank Launches an Offshore Bank for Crypto (and Possibly Tax Evasion)

EQIBank, which is taking applications for accounts starting today, is courting customers from the worlds of conventional finance and blockchain, and seems to have a good grasp of both.

“For the first time, customers can manage traditional and crypto assets within a single banking relationship, while accessing a comprehensive suite of services including trading, custody, lending, clearing and settlement,” reads the press release.

So far, so good. It continues:

EQIBank is the first licensed bank to deliver on the potential of blockchain. It provides the most comprehensive financial services ecosystem in the world for anyone looking for a smart, seamless banking experience. For the first time, customers can manage traditional and crypto assets within a single banking relationship.

These things speak to it being a bank that understands the needs of wealthy cryptocurrency holders, and there’s a definite gap in the market for banks that are able to

... read more at: https://breakermag.com/eqibank-launches-an-offshore-bank-for-crypto-and-possibly-tax-evasion/

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