Hi,

thx. for questions. Lets do it one by one:

1. You are right, we lack the information on the website. The website upgrade is planned to be released on May 5th. License can be found on Czech National Banks website: https://apl.cnb.cz/apljerrsdad/JERRS.WEB10.VIZITKA?p_lang=en&p_SEQ_ID=10690732&p_VER_ID=1000&p_DATUM=27.04.2015&p_ROL_KOD=

2. Our vision goes beyond usual BTC websites. We plan to scale fast and develop our story based on our users, needs and skills of our team not us as founders. If interested it is easy to match Cashila with us via LinkedIn, Twitter, Launchub (our investors) etc.

3. Data about our company is correct, Cashila OOD s.r.o. is listed as property business. In the past year(s) lots of the conversations about BTC being a property can be found. Lead with a bit over futuristic thinking we registered Cashila as property business. However, we are thinking either to change it or not since it hasnt influenced the licensing.

4. When 1m CZK in Czech Republic is exceeded a company needs to register for VAT.
Money transmitted under the license does not count as revenue. Only the fee, that we are charging does. If we were charging the fee + VAT, we couldnt be able to offer the users cheap operations.
If we were not licenced we would need to issue invoices in full value of the transaction, and that would work only as long as we would stay not VAT registered (up to ~37k EUR as you mentioned). But above all the licence gives our users additional security when operating through Cashila.

5.1. Document ID data and picture are offloaded from the server and stored in offline machine. Server stored are: email, first and last name, address, city and country. We work hard on user security. We as well keep no Bitcoin on our server as we make payments right away.

5.2. No information can be provided to non official third parties. If the information is requested from the legal body we comply with the law like any other business.

Best,
Jani

jani

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