Post
Topic
Board Announcements (Altcoins)
Re: ⚡[ANN]⚡CryptoRiya 💰 Crypto to Cash Anywhere Without any Bank 🗼 Join PreSale 🗼
by
waichi
on 20/05/2018, 21:27:39 UTC
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.

They don’t need a kyc once you have a visa or mastercard you can just swipe it anywhere. They just need to operate on a country that doesn’t mind cryptocurrency. Also having visa and mastercard id an international thing. Government doesn’t have the rights to block those people that will have Cryptoriya master or visa card. Visa and mastercard is good as cash in almost all atm branches around the world

They don't need KYC for their users to be able to convert your crypto into cash because they have an offshore bank. Cryptoriya will be having an Offshore bank. Once you convert your token, cryptoriya's offshore bank account will transfer then the fiat money directly on your bank account. That's how I understand the process.