Re: [ANN][ICO] 💠 I-CHAIN 💠 Insurance Platform and Ecosystem 🔥

Probably it means more here that for a full-fledged launch of such projects, government approval is needed.

In any case, in the future, if this company is selling it, the state should know about them.

Of course it should be registered, because it can be treated as tax avoidance unless such operations are not registered

guys, we can create an insurance company on the blockchain that works on smart contracts. why should we pay taxes?

I dont know is it stated in all countries law acts, but mostly there is a rule to inform state about insuring operations if services costs more then a special number, usually written in customs code

guys, blockchain and cryptocurrency are able to completely change the world. we do not need any acts and governments.