Post
Topic
Board Announcements (Altcoins)
Re: LoyalCoin: Digital Asset for the Universal Loyalty Economy
by
LoyalCoin
on 26/10/2017, 07:58:45 UTC
Hi Mashort, on https://loyalcoin.io we have links to the team's LinkedIn profiles in the bio section. Please feel free to check them out.

The parent company Appsolutely does have existing business with all of the brands mentioned. As it's late here in Manila now, another staff member should be able to provide a more complete answer tomorrow, thanks.

Btw since you are located in Philipines, are you aware about your country stance in regards of Crypto Token Exchange? Have you conducted any actions to be compliant to regulations?

Hi, Colorblind!

The Philippines has released a set of guidelines for bitcoin exchanges in the country last February. Long story short, the Bangko Sentral ng Pilipinas (BSP), the country's central bank, only set security requirements and will only step in when the crypto is used in money laundering and terrorism financing activities. In August, the BSP granted licenses to two cryptocurrency exchanges, and this is the exact type of license that we are in the process of getting. As for the general sentiment regarding crypto, the BSP is striking a positive tone, in contrast to the heavy-handed approach of some of our neighbors.

To be honest, we are quite bullish about our prospects. Our current legal head, Richard Funk II, is a lawyer who headed the central bank's anti-money laundering compliance division. Needless to say, we have quite some skin in the regulatory game.