The Polybius project ICO went live on May 31, 2017, has raised $6 million in its first three days and by the second week, it had raised a total of $17 million (now over $19 million). At $6 million the Polybius Bank project became eligible to register as a bank and start operations under EU law. [Note: This is a press release.] In accordance with regulations, The Polybius Foundation was required to raise a minimum
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Swiss EY (Ernst & Young) Partner Daniel Haudenshild, financial services managers Valdemar Scherer and Sven Möller are collaborating with Polybius Bank project’s team to assist in company operations, technology, and legislation. Polybius’ target is to offer a fully regulated, decentralized bank for cryptocurrency enthusiasts and entrepreneurs. Big Four Auditor EY Interested in ‘Cryptobank’ Project The Estonia-based startup is targeting the ICO for this month, in a bid to add to the initiative’s growing community support.