And the regulator will just tap in their shower, saying "now you must pay taxes here", as a Bank. Plus you are under control of the ECB, because you are now a bank, and we can send people to your office to audit your checks and your technologies. Being a Bank, in Europe, means being under supervision of the ECB. This licence allows the ECB to do full review of almost everything.
RE: Bitcoin’s new Competitor? Facebook obtains E-Money license in Europe..!!