Seems I'm not the only one that had bank accounts closed due to crypto.
If you run a crypto business or are 7+ figures and need a crypto friendly bank keep reading.
If you run a crypto business or are 7+ figures and need a crypto friendly bank keep reading.
My good friend which is very connected in the UAE just raised for and opened a bank
The name of the bank is Universal Assets Bank - UAB and they will offer a blend of traditional banking services but specialize in services for digital assets customers and companies.
The name of the bank is Universal Assets Bank - UAB and they will offer a blend of traditional banking services but specialize in services for digital assets customers and companies.
The bank leadership is an all star team.
UAB is registered in the Commonwealth of Dominica (already has banking licence) and managed by a managing office in Dubai, UAE.
UAB is registered in the Commonwealth of Dominica (already has banking licence) and managed by a managing office in Dubai, UAE.
- You will be able to send USDT/USDC directly to UAB and have it converted to fiat with a bank trail (can take the fiat across borders without problems)
- They will process funds though UAE, USA and Switzerland and are partnered with many of the major banks already.
- They will process funds though UAE, USA and Switzerland and are partnered with many of the major banks already.
- Anyone in the world can open a USD/AED account except for USA/Russia/sanctioned countries
- Open corporate accounts for your crypto company without having to wait months and get rejected a thousand times like in traditional banks
- Open corporate accounts for your crypto company without having to wait months and get rejected a thousand times like in traditional banks
Currently UAB is in beta registration stage and they currently want to onboard mid/high figure net worth individuals and crypto companies.
Okay so what are the costs:
- For a personal account, there is a one time onboarding fee of $8,000
- For entities/business accounts, the onboarding fee is $12,000
rest of the fee structure is still yet to be made public but it will be competitive
- For a personal account, there is a one time onboarding fee of $8,000
- For entities/business accounts, the onboarding fee is $12,000
rest of the fee structure is still yet to be made public but it will be competitive
I am grateful to be on the list of investors in UAB together with some very powerful people and entities.
Finally after searching for banks everywhere from Switzerland, UAE to Singapore there is one crypto friendly one that I will be using.
Finally after searching for banks everywhere from Switzerland, UAE to Singapore there is one crypto friendly one that I will be using.
I'm the first one and one of the only on here will ever offer a beta registration link.
You will get 50% of the USDT/USDC deposit fees for 3 months, 25% discount on the onboarding fee and other fee reductions.
You don't need to be a Dubai resident to open an bank account.
You will get 50% of the USDT/USDC deposit fees for 3 months, 25% discount on the onboarding fee and other fee reductions.
You don't need to be a Dubai resident to open an bank account.
Register here: universalassets.com
For privacy reasons I obviously can't see the information of the people that used my link.
Twitter handle is: @UA_Bank
If you have any additional questions you can email them at: support@uabank.com
For privacy reasons I obviously can't see the information of the people that used my link.
Twitter handle is: @UA_Bank
If you have any additional questions you can email them at: support@uabank.com
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