On Sat, 30 Dec 1995, Ryan Lackey wrote:
What would it take to start an anonymous, private, secure, etc. etc. bank issuing e-cash, located in a country without taxes/etc.?
I think this idea of a new e-cash bank or other kind of financial institution sounds very good. I have been thinking of the same thing here in Estonia, to set up a financial institution issuing e-cash for people here, but I think this would not in any way be an easy task. I am not very familiar with local legislation about financial and credit institutions, but I know that at least for banks the minimum equity capital or what you call it must be 50 million Estonian kroons (4 million US dollars). But I still think that for issuing e-cash and opening e-cash accounts you might not need to have such kind of capital. What does it take to be called a bank? And how easy is it to start a bank in some caribbean country or similar tax haven? What are the minimum requirements? Juri Kaljundi jk@digit.ee Digiturg http://www.digit.ee/