[ANN] CryptoBay IPO Asset



  • @Hect0r Haha^^ Don't worry about them^^ and as Haitch said welcome to the club :P
    Good idea although I think people are realy careful with new exchanges nowadays^^Will grab some this month to support^^



  • @Hyzi0 said in [ANN] CryptoBay IPO Asset:

    @Hect0r Haha^^ Don't worry about them^^ and as Haitch said welcome to the club :P
    Good idea although I think people are realy careful with new exchanges nowadays^^Will grab some this month to support^^

    I wont haha, anyway I have a solid network plan for this as I have to follow data protection acts here in the uk, I will have a private beta and I invite users who I trust to come play about on it and maybe if I could get some protocol hackers to see if they can find any errors or bugs in the network, that would be great, I will grab some burst next week and start a fund as a reward for the testers.

    If you wish to join the private beta (Ill hand pick users) then leave a post here !


  • admin

    @Hect0r what happened to the license and the localburstcoin idea?



  • @daWallet This is the local burstcoin idea, however I didnt want to use the same name kinda, I wanted something diffirent, so thats why I picked CryptoBay.Co as the company will be called CryptoBay, Do you not like the name like lol ?

    Plus what do you mean by license ? this is just a escrow system, it is classed as a escrow system so no need for a license, I call it exchange on under pretext that you escrow funds and exchange funds thats all, the only license I need is data protection act covered, HMRC Money Laundering does not cover crypto currencys so im good with that and the FCA licnese I do not need because im not doing to the exchanging.

    So only one thing to get covered for !


  • admin

    Ah okay... I was probably too much expecting a map with dots where people sell and buy Burstcoins. Sure a lot or even the majority use bank transfer or whatever.



  • @Hect0r I like this idea although i am pretty sure that you will need licenses in less than 1 year... I readed somewhere that European Union is getting ready to go a lot harder in cryptocurrencies... Right now cryptocurrencies in Europe are just treated as any funds you have in another country (that don't belongs to EU) but i am pretty sure they will start taxing and it should be impossible to do that without making the exchanges and escrows like yours getting a license.. Also i am pretty sure localbitcoins have a license...



  • @gpedro I read that somewhere too, I will consult legal advice on this, I have a about 6 months I think, so I will get some advice on where to apply for the license and get fully regulated !

    I hope it is not as expensive as the FCA licnese for exchanges in the uk peww 125k :O



  • @Hect0r I would bet it is something in the order of at least 50k EUR... but you can still ask for a fund to list other coins when you have some name in the internet ;D


  • admin

    @gpedro Brexit - it becomes unregulated ?



  • @haitch There is talk of canceling the vote so its a 50/50 thing tbh, if I have the money I will defo grab a license, if not then ill just claim the brexit thing and all that and I might have to stop european payments, maybe :/



  • @Hect0r @haitch i doubt UK keep crypto unregulated if EU start regulating cryptos but even if they don't regarding financial laws i am pretty sure UK will have to follow EU rules during the next 5 years, since that is the adoption time established from Brexit (even if it will go throught)...

    @Hect0r i didn't heared about they cancel the vote (and i seriously doubt that will happen...) but you are the one in UK so you probably know more about this than me... xD


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