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Ech in every country to run some financial fund you need license
And you give also answer to your question:
" SMA in that regard that the scope kriptovalut and other instruments issued on the basis of the technology data blocks in Slovenia and at the level of the European Union is not legally regulated and controlled. Therefore, neither the company nor the cash OOD so platform ICONOMI at the moment not regulated nor supervised by the FMA."
If they start any fund fueled by BTC / ETH they have 0 problems with legislation.
So even I can start such fund now.
Add to that they will get fiat money convert them by cashila to BTC/ETH and invest then they have fund operating with fiat indirectly.
To be honest i have been reading today how tax my BTC income... I have got headake with it.
To work over EU law and have 0 problems they can just buy BTC/ETH and then invest that without any problems.
Even with legistation they can go for licence and hire broker to manage fund What a problem here ?
But since most alts is trading in BTC pairs not fiat... This is just shooting itself in knee IMO.
Sticking in BTC/ETH based investments is much easier / cheaper and saves a lot of time.
In longer run they will apply for all those licenses ^^ but for beginning this is not necessary.
Paper work is hell in EU.
But as you see till they will play with BTC/ETH there is 0 problems and that is enough to start platforms.
I live in EU and I would put BTC/ETH investments over Fiat ^^ because of common sense reasons like privacy.
PS: After seeing what Bank of China is doing their exchanges ^^ I would suggest that ICONOMI should split platform into 2 version like crypto and Fiat related. So Bank/Government will only lock Fiat side of system while BTC/ETH will go smooth without any interruption