As a fresh startup, what is the probability of being sponsored by a bank or an exchange company?

Chances of being sponsored by a bank, as a fresh (new) start-up, are quite low, unless of course you are well-funded and are able to demonstrate that by keeping a hefty deposit in the bank. Barring that, the most likely sponsoring institute would be a money services business that has the requisite money transmitter licenses.

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This page was last updated on January 19, 2023.

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