The key feature of the Zodiaq project and its difference from all major competitors is the real crypto-fiat bank that has a state license to perform transactions with cryptocurrencies alongside with traditional banking. As practice shows, this infrastructure element attracts the greatest attention of the crypto-community, so today we are going to answer all the key questions concerning its functioning:
In which jurisdiction was the banking license issued?
The bank has a category B license issued in the Comoros, a former colony of France. Such a license gives the right to perform operations all over the world. Also, we plan to open correspondent accounts and bank outlets in other jurisdictions that allow operations in cryptocurrencies.
What are the advantages of having an official banking license?
Possession of a license allows us to provide service for both individuals and legal entities, ensures lawfulness of all operations and serves as an additional guarantee for users.
What services will the crypto-fiat bank Zodiaq provide?
In accordance with the license, the bank is entitled:
- to open and maintain accounts in fiat and crypto-currencies;
- to lend in fiat and crypto-currencies;
- to obtain deposits in fiat and crypto-currencies;
- to make money transfers;
- to provide traditional banking services;
- to issue bank cards (Visa / Master Card) with support of basic cryptocurrencies.
In which currencies is it possible to open accounts?
During the launch phase it will be possible to open accounts in dollars, euros and bitcoins. The list of fiat and cryptocurrencies will be expanded in accordance with the market demand. In total, the platform will support 30 fiat and 150 cryptocurrencies.If you have any other questions, we are looking forward to answering them in our Telegram-chat!