{"id":25,"date":"2022-07-11T01:09:27","date_gmt":"2022-07-11T01:09:27","guid":{"rendered":"http:\/\/live-script.xyz\/bitcoin-skeptic-peter-schiff-will-sell-troubled-euro-pacific-bank-for-btc-if-regulators-let-him\/"},"modified":"2022-07-11T01:09:27","modified_gmt":"2022-07-11T01:09:27","slug":"bitcoin-skeptic-peter-schiff-will-sell-troubled-euro-pacific-bank-for-btc-if-regulators-let-him","status":"publish","type":"post","link":"https:\/\/live-script.xyz\/bitcoin-skeptic-peter-schiff-will-sell-troubled-euro-pacific-bank-for-btc-if-regulators-let-him\/","title":{"rendered":"Bitcoin Skeptic Peter Schiff Will Sell Troubled Euro Pacific Bank for BTC if Regulators Let Him"},"content":{"rendered":"
Peter Schiff says he will sell his bank, Euro Pacific, for bitcoin if the Puerto Rican regulators let him sell it. \u201cMy bank was not put into receivership for being insolvent. It was put there for being under-capitalized,\u201d the bitcoin skeptic said.<\/strong><\/p>\n Bitcoin skeptic and gold bug Peter Schiff is still trying to sell his bank, Euro Pacific. However, the Commissioner of Financial Institutions of Puerto Rico, also known as Oficina del Comisionado de Instituciones Financieras (OCIF), has suspended<\/a> the operations of his bank due to its \u201ccrass noncompliance with the minimum capital requirements.\u201d<\/p>\n Schiff claims that he already has a buyer for the bank lined up but the regulator will not let him sell it.<\/p>\n On Friday, he was asked on Twitter whether he is willing to sell his bank for bitcoin. Schiff, who has been a vocal bitcoin skeptic, replied: \u201cActually yes, I would sell the bank for anything if regulators let me sell it.\u201d<\/p>\nPeter Schiff Says He\u2019s Willing to Sell His Bank for Bitcoin<\/h2>\n