a)

Accumulated losses;

b)

Anticipated losses in the first year of operation;

c)

Goodwill;

d)

Any assets encumbered to secure the unconditional irrevocable bank guarantee; and

e)

Any other items which the Central Bank may direct from time to time.

a)

Licensed as a Payment Token Conversion Provider or Payment Token Custodian and Transferor; and

b)

licensed or regulated for any Virtual Asset activities by SCA or any Local Licensing Authority,