BofB is a crypto exchange that was born as a solution to the unfriendly and uncooperative response that all the mainstream banks would provide to its customers that would try to use the banking channels to trade cryptocurrencies. BofB stand for “Bank of Bitcoin”, but it is not a bank, even though it has always been since day-1 part of the project to become fully licensed as a money transmitter and/or a chartered bank should BofB’s legal and compliance team determine that these licenses are necessary to continue to grow while being compliant in every jurisdiction. BofB would aim to be a transitional platform, providing wallet, vault and exchange services, that adapt together with Bitcoin’s transformation from a crypto/fiat platform to a digital asset only structure.