Quote from: bigblacknigger_gobeshook on February 19, 2018, 09:22:49 AM

Quote from: KufuT on February 19, 2018, 07:26:41 AM

Quote from: panorama on February 17, 2018, 12:57:21 PM

Quote from: KufuT on February 17, 2018, 09:34:02 AM

He -finally- admitted his conviction, we can move further ahead and ask more questions.

Since he is convicted of a fraud, he cannot participate in a financial business by law. So, how is he going to participate in PPT project? Is he going to move this business outside of EU? Is he not going to get customers from EU zone? Which regional market is he going to target?

Is moving offices to IOM will solve all legal problems?

Some says "you don't like it, get the hell out of here"

It is not an issue to like or not. I am an investor and have all the rights to ask questions and invest or not.

Do you have a source that shows he wouldn't be able to "participate" in a financial company by law? Also, can you elaborate how "participate" is defined?

Join to telegram and ask about if they got licence to operate money business. You will be banned immediately.

They cannot do this without proper applications and permits. Yet, there is no single information about that.

Don't believe me. Go ahead and ask them!

THATS BECAUSE YOU DONT UNDERSTAND ANY LAW, POPULOUS DOES NOT NEED A LICENSE OF ANY TYPE TO OPERATE IN THE CRYPTO OR INVOICE FINANCING OR GOLD MARKETS, YOU NEED TO DO BETTER THAN THAT, THE STATEMENT IS VERY OLD

PPT is a yet another micro crediting system and they are based in UK, right? Also, PPT coin is used only for paying fees. Whole business is not tied to crypto money. Investors will be paying real fiat currencies to sellers. It is real money business, not crypto.

So, read this -> http://ec.europa.eu/DocsRoom/documents/3669/attachments/1/translations/en/renditions/pdf

You seem to be a lazy ignorant person. Let me find exact section for you.

United Kingdom
Main laws and normative acts
Credit Unions Act 1979 and the Industrial & Provident Societies Act 1965
Description: Credit Unions must register under the Industrial & Provident Societies Act
1965, which gives them corporate status and limited liability and their activity is
governed by provisions of the Credit Unions Act 1979. A Credit Union may only undertake
those activities for which there is an express or implied power in the Credit Unions Act.
Loans may only be made to natural persons, who share a common bond. However,
some of these loans will be used by sole traders for business purposes. There is currently
an interest rate cap on loans (2% per month). Credit unions are regulated by the
Financial Services Authority under the Financial Services and Markets Act 2000. Before
they can do business, they need to be authorised by the FSA, which makes rules about
their operations.

Community Development Finance Institutions (CDFIs) may register either as companies
regulated under Company law; or community benefit societies registered under the
Industrial & Provident Societies Act 1965. They are not subject to the provisions of the
Credit Unions Act. CDFIs which register under the Industrial & Provident Societies Act
may invite retail investment of withdrawable share capital ('WSC'). WSC is risk capital
which carries no guarantee of repayment, and so takes the CDFI outside of European
Banking legislation. CDFI's lend for both personal and business purposes. Investment
applied to their business lending may, if qualifying criteria relating to the spread of loans
is met, attract a tax relief which is the equivalent of 8.33% to higher rate tax payers
under the Community Interest Tax Relief scheme ('CITR'). Where investors are paid a
return, it is usually paid as a percentage of the investment, rather than a dividend.

KufuT

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