What activities Wio/Mashreq Neo do not like for FZE banking

[Topspin]

Hello guys,
Wio was the life saver for business banking in the UAE.. but many got their application rejected without any specific reason

Most probably cause of the activities..(talking about non shaddy / non crypto).

What are the "non liked" activities as per your feedback ?

Cheers

 

[sinos]

Not Liked List:

1. Auction houses or antiques
2. Jewelry and bullion trading
3. Affiliate Marketing, drop shipping & any other form of digital marketing.
4. Sale of Digital Goods ( may or may not include web hosting, servers etc.)
5. Cryptocurrency exchanges / trading (including p2p)
6. Unlicensed financial institutions
7. General traders with no physical presence
8. Money exchanges
9. Charities and foundations