Most ICO companies collect their funds in Bitcoin, Ethereum and Litecoin, as well as in traditional currencies such as the Euro or the US Dollar. Generally, encrypted currencies that are collected and downloaded are converted to a credit currency of your choice.
At the time of writing, the total amount of funds raised from UCIs exceeded $ 3.45 billion, out of a total of 211 UCIs that occurred this year.
No matter what amount is collected in the encryption, you will face payment of money, either to your legal team, rent, other third parties or even late delivery pizza. While there are smart contracts, ad and legal companies that accept payments in Bitcoin or other coded currencies, for example, most third parties, let alone their employees, ask to pay in local currencies.
After collecting your money, you decide to open a bank account. It is already problematic, as some major banks have refused to serve the companies in the first place, not to mention that the president of one of the largest banks in the world announced that Bitcoin is a scam.
If you find a bank that is not identical in Switzerland, Gibraltar, Malta, or another European or Asian country, it will take months of legal deliberations and documentation to comply with ever-changing and evasive rules. After all, banks are traditional institutions and will not understand cryptocurrencies and prevent strings. When he can create an account, he quickly finds himself living with the fear of closing at any time.Blockchain Wallet To Bank Transfer - Withdraw Bitcoins
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