Quote from: onionpealer on May 18, 2018, 12:36:19 AM

Quote from: Transformbitz on May 17, 2018, 11:19:14 PM

Quote from: HelpDesk on May 17, 2018, 10:43:24 PM

Quote from: Dannaey on May 17, 2018, 08:48:15 PM

I understand the convenience of being able to convert right away your coins/tokens into cash. But since you are being connected to fiat money. government rules and regulations should apply. To be fully operational, each government in every country needs KYC for every customer. So if you are going to be KYC free, then I doubt that the government will allow you to proceed with your project.

This question really caught my attention. That I am waiting also for an answer to this interesting question. We really need to clarify things to be able to fully support this project. Though, this is really a great and promising project for everyone in terms of converting our cryptocurrency. We also want to know if it is really feasible especially now that the government closely monitoring the crypto industry.

Actually i'm looking for a good Project lately that is very in need by people and now i have no doubt in my mind that there are some good project like this. I'll keep an eye on this and i'm going to read their white paper first before joining their whitelist. What's the maximum investment? Is this an ERC-20 token?

It is an ERC20 token and I have not seen any whitelist requirements or what the maximum investment can be.
I think the reasons why KYC is not required are outlined in the whitepaper.

The sale details are on the CryptoRiya web site https://www.cryptoriya.io
The white paper does say https://www.cryptoriya.io/whitepaper.pdf ;

"...if an individual is a resident of People's Republic of China (excluding Hong Kong SAR, Macau SAR or Taiwan) or the United States of America (save as permitted by applicable laws in the United States of (America), such individual will not be eligible to and shall not purchase CIYA token through the token sale."

Official profile of that project said (first page) that Americans can participate in the crowdsale. Do they mean Americans outside the United States of America?

I am really interested in answer to the question about governments rules and regulations. It's very serious and suitable question.