Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread
by
lonsharim
on 21/10/2014, 11:28:19 UTC
Quote from: xnova on October 20, 2014, 11:09:34 PM
Quote from: Matt Y on October 20, 2014, 02:25:06 PM
Quote from: lonsharim on October 20, 2014, 11:53:47 AM
Are there any proposed timelines on when Medici is expected to be operational?
Patrick said three months for software and hopefully six months for regulatory work.
In reality it will be longer. There is more required for the initial release (especially around interaction with other systems). However, we are moving forward. Smiley

Thanks Matt Y and xnova

Could either of you shed some light on the regulatory challenges or is it very early days and we should wait and watch.

I am curious about what kind of users will be allowed in medici exchange. I can't imagine financial regulatory authorities being OK with user anonymity. Would that mean that users in the exchange will have be registered/verified? I am guessing something along those lines will be really help with regulatory approval. There are tons of other issues but this struck to me as the biggest impediment. Are you in a position to comment?