Bitcoin skeptic Peter Schiff has been trying to sell his troubled bank, Euro Pacific. He said he will accept $BTC if the regulators let him sell it. crypto cryptocurrency
Bitcoin Skeptic Peter Schiff Will Sell Troubled Euro Pacific Bank for BTC if Regulators Let Him
Schiff claims that he already has a buyer for the bank lined up but the regulator will not let him sell it. “I am committed to working with the Puerto Rico banking Commissioner to resolve the capital issues with my bank for the best interest of all the bank’s customers,” he stressed. Schiff clarified in a tweet Friday: “My bank was not put into receivership for being insolvent. It was put there for being under-capitalized, not having no capital. My bank has about $2 million in capital, no debt, no loans, and enough cash to repay all depositors in full. The buyer was to add $7 million in capital.”
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