Post
Topic
Board India
Re: Hard Fork issue .. Ranchi Mall opinion
by
RohitTripathy
on 25/03/2017, 14:08:59 UTC
And how do you get licensed for any BitCoin product in any case .. Hahaha

Currently I am not accepting any new customers for this product. I will open up the window again if prices go beyond USD 1350 per BitCoin. With current price trends, looks it may take time Smiley

I will put a message in India BitCointalk group if I reopen. And as always, first time customers will have an upper limit of Rs 7000. And I will open it up only for 15 new customers then.

I just want to know the process of investing. I'm not interested in investing in your bond.
Taking investments at $1350 might not leave much room for growth.

And I don't think the lock-in period is required. 3 years is a lot of time and you should give the option to the users to cash-out if they want to.

Holding someone else's money required you to have a legal license for the same. (As far as I know, a PPI license is required to hold customer funds in a prepaid instrument. But then also you can only store their funds for a year and not more than that.)

Do you have a legal license?

And do you accept the payments in Bitcoin or fiat?

EDIT:

-snip-
Do you sign a contract binding you to make the payouts?
-snip-

^^^

Please answer this question as well. Smiley