We’ve had numerous issues with getting a bank account. One bank refused an account because we had an american VC investor in the board of directors - KYC would’ve been too difficult.
At one point we were getting income also on crypto (we were not running our own exchange or releasing tokens, or anything complex, just one payment method was crypto) - this was not good for our then main bank so had to change.
Overall it is very stressfull knowing that banks can refuse to service your company at any point and getting a new one is not easy at all.
It is only easy to get the very first account when you are starting and there are no cap table complexities etc.
In Review
Bureaucracy
11 days ago
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In Review
Bureaucracy
11 days ago
Get notified by email when there are changes.