Tag: Payment Services Regulations 2017

Black Banx “Current Accounts” for EU Residents: What the Screenshots Suggest—and Why the Regulatory Perimeter Matters

Black Compliance Charlene Lensburg - January 13, 2026

Following German media reporting about investigations into Michael Gastauer and the Black Banx “banking” narrative, FinTelegram conducted a limited, hands-on product review as an EU-based private customer. The result: two “current accounts” (EUR/GBP) were opened with minimal friction, but the onboarding, disclosures, and entity/licensing transparency raise immediate questions under EU, UK, and U.S. financial-services rules.

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