Can it help our offshore business?
It is still in infancy, but 'm looking forward to the digital euro being issued within 5 years. I wanted to talk about this topic someday.
I am not a resident of EU, so I am not sure if I will be able to own the digital euro, but if I could create a wallet through an offshore company founded in Malta or Cyprus, it would be a good method to transfer money personally I think.
There are some restrictions on EMI or bank. Just like they said "No adult content. No gambling business. No crypto trading. We can't accept such a high risk business even if it is legal." or "Oh, you sent 10,000 euros to Serbia. Obviously you have submitted the required documents for AML. But sorry. Serbia is a high-risk country and we do not want to do business with them."
But CBDC is controlled by a central bank. It is illegal if the government prohibits legal transactions.
So I expect its AML policy will be more merciful than shitty EMI in east europe. At least it won't be the crazy de-risking we've experienced.
It is still in infancy, but 'm looking forward to the digital euro being issued within 5 years. I wanted to talk about this topic someday.
I am not a resident of EU, so I am not sure if I will be able to own the digital euro, but if I could create a wallet through an offshore company founded in Malta or Cyprus, it would be a good method to transfer money personally I think.
There are some restrictions on EMI or bank. Just like they said "No adult content. No gambling business. No crypto trading. We can't accept such a high risk business even if it is legal." or "Oh, you sent 10,000 euros to Serbia. Obviously you have submitted the required documents for AML. But sorry. Serbia is a high-risk country and we do not want to do business with them."
But CBDC is controlled by a central bank. It is illegal if the government prohibits legal transactions.
So I expect its AML policy will be more merciful than shitty EMI in east europe. At least it won't be the crazy de-risking we've experienced.
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