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Originally Posted by Webby
Pity iBill forgot to establish an EU presence in full and open a bank account - assuming this statement has any truth.
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It's true, and the particular trustee mentioned in another post is the one that has been retained.
IMHO the reason they would not set up banking in the EU previously was probably due to their payout operations being based in the USA. It was just easier for them to do it that way. I'm thinking that the trustee will now function as their EU intermediary and they will not have to go with an EU banking presence. Just a guess.
This is all interesting news, and it can only be good for the industry as a whole if Ibill pulls through.