New online banking app from France is open to self-employed but not to crypto customers

Launched in March 2018, already 10K users. Sadly, it's not so overwhelming with the crypto-friendliness in France.
You are reading about: "New online banking app from France is open to self-employed but not to crypto customers"

By JMT

Published June 17, 2018

If you could use a SEPA bank account in Europe, here is a new way: Shine, a French banking startup not dissimilar to the Germany’s N26, offers free bank accounts to anyone with a self-employed status with a connection in France.

Shine only launched in March 2018 and even though they hardly have 1.5K Twitter followers at time of writing, the rumor has it they already opened 10K bank accounts.

The biggest advantage is obvious - a free bank account in France within the European SEPA zone. It is not necessary to own or lease a house in your name in France, as per the Shine Tools FAQ it is sufficient if someone who does is willing to participate as your host. You both then need to jointly pass the standard KYC and AML checks involving national ID scans and proofs of address.

The Shine app targets individuals who work as micro-entrepreneurs at the moment. The status of the enterprise must be verifiable, currently supported are only the following few statuses but more are going to be added during 2018.

  • Sole Proprietorship (EI), Individual Company with Limited Liability (EIRL)
  • Simplified Joint Stock Company (SASU)
  • Unipersonal Limited Liability Company (EURL).

Shine has 24/7 email support and offers automated tax prediction tool as well as tax consultants ready to answer your questions.

Shine Tools and Crypto

We reached out to Shine to ask whether they avoid cryptocurrency-related dealings.

Judging from the March 2018 positive news about loosening of cryptocurrency business regulations from the French government we expected them to be crypto-friendly.

However, a representative of Shine Tools responded to us that they are NOT accepting any self-employed customers nor companies that work in the cryptocurrency business. Transactions with cryptocurrency trading platforms will be flagged and detected p2p trading patterns will be problematic.


The Day in Crypto

#CryptoMastery

Data is beautiful

Comparing Forex Market with Cryptocurrency Markets (Infographic)

One of the few metrics that cryptocurrency markets have in common with the forex markets in 2018 is the high percentage of total trades being located on few most popular markets.

Published June 10, 2018 by Guest
Editor's note: Still a long way to go for crypto markets.
Tagged as Infographics

Blockchain Technology 101: Blockchains, Blocks and the Role of Price [Infographic]

Blockchain technology 101: What is blockchain, what types of blockchains exist and what role does the cryptocurrency price play.

Published July 31, 2018 by Guest
Editor's note: What is blockchain, what types of blockchains exist and what role plays the cryptocurrency price.
Tagged as Infographics

Real-world companies that accept crypto payments [Infographic]

Infographic - Graphic map of businesses that let customers pay in bitcoin.

Published May 31, 2018 by Guest
Editor's note: Graphic map of businesses that let customers pay in bitcoin.
Tagged as Infographics

Infographic: Blockchain Hacks & Crypto Trading Platform heists 2018 vs 2017

Blockchain infographic comparing the biggest crypto heists of 2018 and 2017. In 2017 the focus lied more on ICOs, smart contracts and wallet.

Published July 10, 2018 by JMT
Editor's note: In 2017 the focus lied more on ICOs, smart contracts and wallet.
Tagged as Infographics

15 crypto kings that are making history with their engagement in the field of cryptocurrencies

Coining The Bucks With Cryptocurrencies Have you ever wondered how much masters of the cryptocurrencies are worth? Like the guy who founded Ethereum, or the one who started Ripple, for example. The answer, in short,...

Published May 30, 2018 by Guest
Editor's note: Infographic: 15 ultra-rich blockchain entrepreneurs and how they get into crypto
Tagged as Infographics

The Good And The Bad Of ICOs

Infographic: The good and bad of ICOs - Which token sales raised the most money in 2018?

Published May 30, 2018 by Hristina
Editor's note: Despite the DAO failure, ICOs grew into an established form of startup funding.
Tagged as Infographics

How Blockchain Disrupts Business [Infographic]

Published May 31, 2018 by Guest

Tagged as Infographics

How to spot cryptocurrency scams

Published May 30, 2018 by Guest
Editor's note: Infographic by the NOAHcoin team
Tagged as Infographics

All Infographics

Industry News Releases


Comments

comments powered by Disqus
About the Author
By JMT

BIO: JMT under the Twitter handle @tradingfanbois has been deep in bitcoin markets since late 2014. It is the person who takes care of the office of AltcoinTrading.NET. Also answering your Quora questions regarding Bitcoin, cryptocurrencies and technical analysis. ·

Also by JMT

Powered by Contentful

AltcoinTrading.NET