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Quote from: mig6r on March 30, 2018, 05:29:29 AM

As for the fiat trading pairs, are you in touch with regulators and will you be granted the necessary licenses? I can imagine it is quite tough to get all the paper work done these days when regulators are quite strict.

True, the regulators are rather strict, but our negotiations are in preparation, and we'll provide updates on the way.

If you are planning an all in one cryptocurrency exchange, you should really be focusing on all necessary licenses as a major step of your whole roadmap. Without the licenses you can't do anything or you might get shut down.

Hi! Sure, we are aware of that, and we will start working on acquiring the licenses once the ICO is over. This process is going to run alongside the development of the exchange.

you are going to acquire the licenses after the ICO? Isn't that a tremendous risk? What if you don't get the licenses?

Sure we are going to acquire the licenses after ICO, because some information the FCA needs will only be available for us after we have concluded the ICO. Furthermore, acquiring these licenses requires us to pay enormous fees to the authorities as well as to the people we hire to do the filing for us.

It is not risk at all, as getting the required license at the FCA heavily depends on the team we hire to do the filing, and on that front we won't have problems with Burlingtons as our legal advisor and financial law experts on board. Moreover, there are many ways in which the licenses can be acquired, so we will have more solutions to this question.

What kind of license do you actually have to go for? Is that some international license or which agency or institution are you going to approach?

It is an e-money license that we will acquire, and we are in contact with many regulation experts, including our legal advisor Burlingtons Legal and our cyber sec and regulations advisor Malcolm Bloom, discussing the details and terms of filing.