Re: 💎 The Change Ltd automatic Cryptocurrency Exchange | ≈$21K Escrow
Is it bad that the project has a lot of plans)? As you can see we are actively developing and listening to users, the registration of the company is a very long process most likely we will wait for the next tax year, in addition from 2025 comes a new package of MICO regulations, which will require us to maintain an office, as well as the authorized capital of 125 thousand dollars, at the moment our company has no profit as we all reinvest, so under the jurisdiction of many countries we can forgive it, we also personally do not keep the funds of clients, and are only a convenient agent.
MICO regulations? You mean "MiCA"?
Are you based in EU or do you plan to be regulated in EU?
Why would you bother to respect MiCA regulations if you are already not respecting basic EU GDPR and laws?
The fact that we work through the exchange like 95% of exchangers does not prevent us from being a good service, all KYC obligations we assume, I do not quite understand your claim that we do not have a license if even guys like Fixed Fload, Shangely do not have one.
As I said on the other forum, you have no legitimacy to ask your users for legal and personal documents without being a registered company.
Its not because you decided to take example on the worst of the worst in the industry (aka FixedFloat and Changelly) that this is the right thing to do.