Banking is a sphere of heightened responsibility, that is why each new development designed for asset’s managing should get a registration card or license.

The first thing that needs to be mentioned is that getting license is rather difficult and long process, due to the extent and complexity of banking sphere. Each new company, that wants to get a registration should be ready for a rigorous audit, the results of which would confirm it’s efficiency as well as compliance with all declared characteristics.

The World Bit Bank project main goal is creation a legal field for cryptocurrency managing. That is why getting a license - was primary and highly important task.

Now, the WBB team is proud and happy to announce that they’ve got two licenses. The first one allows «Providing a virtual currency wallet service», and the second one is for «Providing services of exchanging a virtual currency against a fiat currency».

The World Bit Bank project will create a group of cryptocurrency banks by acquiring existing banks in different countries (USA, Canada, Brazil, Germany, UK, Switzerland, Turkey, India, Japan, Australia) to service cryptocurrency customers.

To deliver the full range of financial services, World Bit Bank will include the following: