Can't say I don't like new options, but if it's regulated, then is it just going to be another Localbitcoins (except with other crypto too?). Curious about the bidding option, won't be likely to try it unless it means I can sell btc much faster. What's your route to compliance? Simple Estonia license of full-on FI like PSD2?
Hello,
Thank you for showing your interest on Shiftal Exchange. Well, getting a European trading license is solely for trust purpose. Actually, attaining a license from a legalized crypto trading country is crucial for a trading exchange. As Competent authorities clarify that the propagation, circulation, buying, selling, trading and settlement of cryptocurrencies without obtaining license from competent authorities are illegal activities.
The authorities emphasized that “Any person or legal entity” engaged in any of the above activities without a proper license “shall be penalized in accordance with applicable laws.”
This is the reason of taking European license and we are not going to give our users details to government. Don’t worry!
Thank you!