What is special with your exchange model, as you say Next-generation exchange, Bitstamp has gold bullion's available for withdrawal from 2015-2016, so it isn't anything new???
How do you plan handle legal compliance as you are planning open digital bank? You need payment institution license, Coinbase acquired license not long ago
They need to acquire first those legal documents before anything else. So many projects have tried and attempted to lure users with the use of gold, but sad to say, most of them are scammers. We will see how will this project provide all the necessary legalities here. Else, this is just another crap one.
Yes, exactly same thought, There was several project who had gold in their subjects, but i didn't remember any of them made something worth mentioning.
I didn't have time yet to check their whitepaper in details, but from that initial post, what makes me curious, how they plan bring gold pair with crypto?
What is special with your exchange model, as you say Next-generation exchange, Bitstamp has gold bullion's available for withdrawal from 2015-2016, so it isn't anything new???
How do you plan handle legal compliance as you are planning open digital bank? You need payment institution license, Coinbase acquired license not long ago
In cooperation with company Moro&Kunst Ltd. (whose representatives are part of Godbex team), Bitstamp was the first cryptocurrency exchange to offer the option of gold withdrawal, that was in late 2015. Godbex Exchange Module will not only enable gold purchase (withdrawal) but also a fast, cost efficient and easy position change between cryptocurrency and gold bars. Godbex exchange will introduce trading pair crypto/gold (one Troy ounce). Our partner Ceferin Law Firm is already preparing the necessary documentation for obtaining the digital bank license.
Offering gold at the free market, mean that everyone can buy, then it comes question..
I would like hear more on this, who would supply your gold reserves?