Gold proponent and critic of the first cryptocurrency, Peter Schiff, said he is ready to sell his Euro Pacific bank for bitcoin and any other digital asset.

Actually yes, I would sell the bank at any cost if the regulators let me sell it. My main goal is to protect customers.

– Peter Schiff (@Peter Schiff) 8 July 2022

A Twitter user asked Schiff about his willingness to sell a financial institution in exchange for bitcoin.

“Actually, yes, I would sell the bank at all costs if the regulators let me do it. My main goal is to protect customers,” he wrote.

Earlier, Schiff said his bank has no loans or debts with a capitalization of about $2 million, but has enough funds to pay all depositors in full.

He said the Euro Pacific buyer had to add $7 million in capital.

My bank was not placed under guardianship because it went bankrupt. He was put there because he had insufficient capital, because he had no capital. My bank has about $2 million in capital, no debt, no loans, and enough cash to fully repay all its depositors. The buyer would add $7 million in capital.

– Peter Schiff (@Peter Schiff) 8 July 2022

Recall that in early July, regulators in Puerto Rico closed Euro Pacific due to allegations of bankruptcy and non-compliance.

Schiff said government officials took revenge on him for criticizing excessive taxation and oversight by authorities. According to him, regulators have no evidence of bank breaches.

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