Re: BITBILL.eu -> Pay all your bills with Bitcoins! (Or one of the other crypto's)
Hello,
Just a couple of other questions.
There is a rival company who provide a similar service but without the anonymity (you need to provide ID for after the first EUR 1000)
Do you have any plans to get a money remittance licence or what you would do if your money (and clients money) got blocked by the bank if they started questions large amounts being transferred through a business that wasn't setup as a money remitter?
(Not trying to start a fight here, so I deliberately haven't mentioned the other company name or their thread. Just trying to figure out the best service available which matches anonymity with safety of funds. Hope you understand. Unfortunately BTC has attracted a lot of scammers so just trying to do my research properly)
Just a couple of other questions.
There is a rival company who provide a similar service but without the anonymity (you need to provide ID for after the first EUR 1000)
Do you have any plans to get a money remittance licence or what you would do if your money (and clients money) got blocked by the bank if they started questions large amounts being transferred through a business that wasn't setup as a money remitter?
(Not trying to start a fight here, so I deliberately haven't mentioned the other company name or their thread. Just trying to figure out the best service available which matches anonymity with safety of funds. Hope you understand. Unfortunately BTC has attracted a lot of scammers so just trying to do my research properly)
Thank you for your kind and smart question. We do have contacted the dutch authorities to make sure out service is legal without needing bank licence.
Because of the fact that cryptocurrencies at this moment is not the same as money we do not need a bank licence.
And because our service is a service to make payment to a third party and we hold no customer money (we pay the bill before we receive the money you paid us) we do not need any licence at all.
If our bank will freeze our balance we have a backup account somewhere else.
If in the future the government will decide that cryptocurrency is the same as money we have already a backup plan with and payment service provider, we do need to hold to a know you customer policy.
We monitor each payment before we make the payment to the end users.
I hope the answers suits you
