Hi Friends
I want to know if there is anyone here expert in ICO and fundraising through ICO and Coin Sale and technically mastered.
My Questions are :
1. What is legal formalities to launch an ICO ?
2. Is there any way to raise fund through peach only or you need support of good advisory team?
3. Ahh.... What can be primary expenditure?
4. What technology to use for alt coin?
5. Project is very sound and first of its kind... So will it attract ?
Thank you
Will wait for your answers
1. Formalities to launch ICO in India:- Currently, crypto/virtual currencies and ICOs remain unregulated in India. The Government is yet to finalize a regulatory mechanism so as to govern and regulate crypto/virtual currencies.
- RBI on 1 February 2017 issued a press release, cautioning the users, holders, and traders of crypto / virtual currencies. The press release stated that RBI has not given any license/authorization to any entity/company to operate such schemes or deal with Bitcoin or any virtual currency. As such, any user, holder, investor, trader, etc. dealing with virtual currencies will be doing so at their own risk. The RBI in this press release also mentioned the press release published by the RBI cautioning the users of virtual/cryptocurrency
- The Ministry of Finance on 12 April 2017 constituted an Inter-Disciplinary Committee chaired by Special Secretary (Economic Affairs) to examine the existing framework with regard to virtual currencies. The Committee was constituted to provide a detailed report on (a) take stock of the present status of virtual currencies both in India and globally; (b) examine the existing global regulatory and legal structures governing virtual currencies; (c) suggest measures for dealing with such virtual currencies including issues relating to consumer protection, money laundering, etc; and (d) examine any other matter related to virtual currencies which may be relevant.
- The Government panel is also contemplating introducing compulsory Know Your Customer (KYC) norms in order to regulate the kinds of individuals/entities who can invest in these activities, and be able to track and identify them. If cross-border payments are involved, then it will automatically fall under the scope of FEMA rules and regulations
- As of date, there is no regulation tabled before the legislature.
2.Choose the best the ICO development company for the advisory.3. Based on the requirement4.blockchain technology 5. sure