Nicolas Louvet, CEO, Coinhouse explores the idea of a crypto bank, discusses the steps the company is taking to apply for a banking license in France and Luxembourg, and argues that while a cryptocurrency bank is feasible, they can never operate on a global level because of state intervention, regulatory requirements, and issues of taxation.
Coinhouse, a French digital asset platform has been offering cryptocurrency management and transaction services since 2015. Since their spin-out from Ledger in 2017, they have transitioned into a custodian for individuals and institutions who wish to acquire and secure their digital assets, as they have been providing users the capability to buy, hold and sell #Bitcoins, #Ethereums and more than 40 cryptoassets.
They are the first #PSAN (Prestataires de Services sur Actifs Numériques) registered with the Autorité des Marchés Financiers. This allows them to legally safekeep, purchase and sell digital assets in legal tender.
Coinhouse is also on the process of procuring a banking license that will allow them to operate as the world’s first crypto bank. They have more than 500,000 clients in Europe and offer immediate access to many crypto assets.
These are the key points discussed in the interview:
● Coinhouse applies for a banking license
● How digital assets will revolutionise the financial industry
● Digital asset platforms will not become global
● How the digital asset market will evolve
