Quote from: SociumTrade on September 25, 2018, 01:13:38 PM

Quote from: Digitalizm on September 24, 2018, 07:44:29 PM

Quote from: SociumTrade on September 24, 2018, 06:05:30 PM

Quote from: Digitalizm on September 23, 2018, 02:15:27 PM

I was about to ask the same, is there gonna be any restrictions for traders or investors? Im sure there will be a KYC procedure. Is KYC will be a must for Investors?

I like the idea of Pools - would like to know more on how to join investment pool, as well as will it be possible to organize own?

The Core will be primed with advanced know-your-customer (KYC) and anti-money-laundering (AML) services. A lot of effort is being been put into safeguarding the system against potential external threats and avoiding legal grey areas. User data will be stored securely and in accordance with international standards such as the EUs General Data Protection Regulation.

Investment pool can be open or closed, with open pools accepting unsolicited applications, and membership in closed pools available only by invitation. When an investor receives an invitation to join an investment pool, he receives the terms and bylaws of that investment pool, as well. Those terms govern investment rules, profit sharing, and fee structures associated with the investment pool. Unlike trading consortiums, in investment pools the founder can charge a management fee for the services he or she provides. An investor must accept the terms of the investment pool in order to join it. Yes, you will be able to organize your own pools, say a "family pool", for instance.

So, basicly there will be no restrictions? And KYC is a must?

Yes, KYC is a must.

Fair enough, in such a risky environment.

saddieberg

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