Bitcoin Forum
December 14, 2017, 02:02:25 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Trading Platform  (Read 181 times)
eduinvestor
Member
**
Offline Offline

Activity: 84


View Profile WWW
December 06, 2017, 02:55:51 PM
 #1

Hello guys,

1) Do you know if it's legal to open a trading platform where ONLY cryptos are traded? (BTC/LTC, BTC/ETH, ETH/LTC, etc.) Are there regulations?

2) What about a trading platform where cryptos and FIAT money are traded? (BTC/EUR, BTC/USD...)

1513260145
Hero Member
*
Offline Offline

Posts: 1513260145

View Profile Personal Message (Offline)

Ignore
1513260145
Reply with quote  #2

1513260145
Report to moderator
1513260145
Hero Member
*
Offline Offline

Posts: 1513260145

View Profile Personal Message (Offline)

Ignore
1513260145
Reply with quote  #2

1513260145
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513260145
Hero Member
*
Offline Offline

Posts: 1513260145

View Profile Personal Message (Offline)

Ignore
1513260145
Reply with quote  #2

1513260145
Report to moderator
1513260145
Hero Member
*
Offline Offline

Posts: 1513260145

View Profile Personal Message (Offline)

Ignore
1513260145
Reply with quote  #2

1513260145
Report to moderator
entrepmind23
Sr. Member
****
Offline Offline

Activity: 294



View Profile
December 07, 2017, 02:59:34 AM
 #2

Hello guys,

1) Do you know if it's legal to open a trading platform where ONLY cryptos are traded? (BTC/LTC, BTC/ETH, ETH/LTC, etc.) Are there regulations?

2) What about a trading platform where cryptos and FIAT money are traded? (BTC/EUR, BTC/USD...)

You should search the applicable laws in the country where you are trying to open the platform. With the recent surge of the cryptocurrency prices and popularity, authorities are more strict in dealing with cryptocurrencies. You should try to ask a lawyer in your country and ask him if there are already regulations related to opening up a trading platform. Since you are opening up a business, there should be some regulations involved but it would depend then on the nature and scope of your business.

If there is fiat involved then the government would be more strict about that. You have to get permits and licenses to operate one. The best thing to do is ask the professional services of a lawyer and accountant too for establishing your business.



         ▄▄██████████▄▄
      ▄█████████████████                                ▄▄▄▄     ▄▄▄▄     ▄▄▄▄
    ▄███████▀▀   ▀▀██████                              ██████   ██████   ██████
   ▄██████▀        ██████                              ▀████▀   ▀████▀   ▀████▀
  ▐██████          ▀▀▀▀▀▀
  ██████
 ▐██████
 ██████      ███████████▌    ████████▄▄       ▄███▌     ▄██████████ ███████████▌
▐██████      ███████████    ▐███   ▀███▌     ▄████▌     ███▌           ▐███
██████▌          ██████▌    ███▌    ███▌    ███▀███     ███            ███▌
██████▌          ██████    ▐███▄▄▄▄███▀    ███  ███    ▐█████████      ███
███████         ███████    ████▀▀▀███▄    ███   ███▌   ███▀▀▀▀▀▀      ▐███
 ▀███████▄▄▄▄▄████████    ▐███     ███  ▄██████████▌  ▐███            ███▌
  ▀████████████████▀      ███▌    ▐███ ▄███     ▐███  ███▌           ▐███
     ▀▀███████▀▀▀         ▀▀▀     ▀▀▀▀ ▀▀▀       ▀▀▀  ▀▀▀            ▀▀▀▀

║▮
║▮
║▮

▮║
▮║
▮║



                 ▄████▄▄    ▄
██             ████████████▀
████▄         █████████████▀
▀████████▄▄   █████████████
▄▄█████████████████████████
██████████████████████████
  ▀██████████████████████
   █████████████████████
    ▀█████████████████▀
      ▄█████████████▀
▄▄███████████████▀
   ▀▀▀▀▀▀▀▀▀▀▀



       ▄▄▄▄▄▄
    ▄████████
    █████▀▀▀▀
   ▐████
   ▐████
████████████
████████████
   ▐████
   ▐████
   ▐████
   ▐████
   ▐████




                      ▄▄████
                ▄▄▄████████▌
          ▄▄▄███████▀▄█████
     ▄▄█████████▀▀ ▄██████▌
▄▄███████████▀  ▄█████████
 ▀▀▀█████▀    ▄██████████▌
       ██   █████████████
        █▄ █████████████▌
        ▐█▄███▀▀████████
         ███▀    ▀▀████▌
                    ▀▀█


                   ▄▄▄    ▄▄██▄▄
                   ██▀▀██████████
                  ██     ████████
                 ▐█▀      ▀████▀
   ▄▄▄▄    ▄▄██████████▄▄    ▄▄▄▄
 ▄████████████████████████████████▄
▐██████████████████████████████████▌
▐██████████   ▀██████▀   ███████████
 █████████▌    ██████    ██████████
  ▀██████████████████████████████▀
   ▀████████▀▀████████▀▀████████▀
     ▀███████▄        ▄████████▀
       ▀████████████████████▀
          ▀▀▀▀█████████▀▀▀▀
iamTom123
Sr. Member
****
Offline Offline

Activity: 448

ChipMixer ChipMixer ChipMixer ChipMixer


View Profile
December 13, 2017, 03:16:55 AM
 #3

Hello guys, 1) Do you know if it's legal to open a trading platform where ONLY cryptos are traded? (BTC/LTC, BTC/ETH, ETH/LTC, etc.) Are there regulations? 2) What about a trading platform where cryptos and FIAT money are traded? (BTC/EUR, BTC/USD...)

Since we now have many businesses engaged in offering trading platform for as many people as possible, then it can be possible to operate such a platform legally. Of course, you must make sure that the business has all the permits and licenses needed before you open the door for clients or members. There are now many countries which welcome such a business and even in USA you can open one though you have to go through the strict process to make sure that your operation is above board otherwise you can be subjected to prosecution. Next year, we should be expecting more and more cryptocurrency trading site to open for business and there are event hose who raise funds for the business via the ICO platform. I also understand that there are now decentralized trading platform which many prefers to avoid intervention from the operators. Make sure that you know what you are getting into and that you are offering a unique selling proposition (USP) to make the business a standout in the sea of your competitors. Good luck!

Slow death
Hero Member
*****
Online Online

Activity: 672



View Profile
December 13, 2017, 08:56:31 PM
 #4

Hello guys,

1) Do you know if it's legal to open a trading platform where ONLY cryptos are traded? (BTC/LTC, BTC/ETH, ETH/LTC, etc.) Are there regulations?


2) What about a trading platform where cryptos and FIAT money are traded? (BTC/EUR, BTC/USD...)

as many said, you need to hire a lawyer to instruct you step by step about what you should do, but just giving my personal opinion, I do not think exchange like yobit and some others have a lot of documents to operate, I say this because many exchange has no phone service for the support, many exchange that does not have physical office where you can go and expose your problem and it seems to me that many exchange have lack of employees for support tickets.

deadsilent
Hero Member
*****
Offline Offline

Activity: 546



View Profile
December 13, 2017, 09:18:45 PM
 #5

You know, it's good to search on Google to find what you're looking for. But since you bring that up. I can help you atleast in a small details.

1) Do you know if it's legal to open a trading platform where ONLY cryptos are traded? (BTC/LTC, BTC/ETH, ETH/LTC, etc.) Are there regulations?


Yes, but still depends on legality of cryptocurrency in your country. Just take a look at this site
https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
Also most of cryptocurrency trading platforms must now complied to rules and regulations of a country. So i think you should make it your exchange to a AML/KYC compliance.

2) What about a trading platform where cryptos and FIAT money are traded? (BTC/EUR, BTC/USD...)

Some cryptocurrency exchange has a trading pair for USDT where you can trade your cryptocurrency to fiat. I just don't know if it can support EUR or other currencies. That would be nice if many fiat trading pairs created

       ▄▄█▀▀▀▀▀▀▀█▄▄
    ▄█▀▀▄▄███████▄▄▀▀█▄
  ▄█▀▄████▀▄▄▄▄▄▀████▄▀█▄
 ▄█ █████▀█ ▄▄▄ █▀█████ █▄
▄█ █████   █████   █████ █▄
█ ██████   ▀███▀   ██████ █
█ ███████         ███████ █
█ ██████   ▄███▄   ██████ █
▀█ █████   █████   █████ █▀

 ▀█ █████▄█ ▀▀▀ █▄█████ █▀
  ▀█▄▀████▄▀▀▀▀▀▄████▀▄█▀

    ▀█▄▄▀▀███████▀▀▄▄█▀
       ▀▀█▄▄▄▄▄▄▄█▀▀




 ▄█████████ ███      ███  ▄█████  ▄█████  ▄████████▄   ▄████████▄   ▄█████████ ███       ███
███▀        ███      ███ ███▀    ███▀    ███▀    ▀███ ███▀    ▀███ ███▀        ███       ███
███         ███      ███ ███     ███     ████████████ ███      ███ ███         ███▄     ▄███
███▄        ███▄    ▄███ ███     ███     ███▄         ███      ███ ███▄         ▀███████████
 ▀█████████  ▀████████▀  ███     ███      ▀█████      ███      ███  ▀█████████          ▄███
                                                                                     █████▀
























dunfida
Hero Member
*****
Offline Offline

Activity: 770



View Profile
December 13, 2017, 10:25:33 PM
 #6

Hello guys,

1) Do you know if it's legal to open a trading platform where ONLY cryptos are traded? (BTC/LTC, BTC/ETH, ETH/LTC, etc.) Are there regulations?

2) What about a trading platform where cryptos and FIAT money are traded? (BTC/EUR, BTC/USD...)
When you do only talk about Local fiat currency trading then im sure it would really be legal anytime as long you do able to comply the requirements for you to make such operation but come to think off to become a broker you would really need to have lots of money to start on and it wont really be an easy job for sure and since you do mention about crypto then this is the time you would need to consult a lawyer into your place on where you would ask if bitcoin and other crypto currency would really be safe to be traded on and start your own exchange into your place without any violation towards it.






▄▄▄▄              ▄▄                                                              ▄▄▄▄
████             ████                                                             ████
████              ▀▀      ████                         ████                       ████
████  ▄▄▄▄▄      ▄▄▄▄   ▄▄████▄▄▄▄▄      ▄▄▄▄▄       ▄▄████▄▄▄▄▄   ▄▄▄▄▄▄▄▄▄      ████
█████████████    ████   ███████████   ▄████▀████▄    ███████████  ▐██████████▄    ████
████     ▀████   ████     ████      ▄████▀   █████▄    ████        ▀▀    ▀████    ████
████      ████   ████     ████      ███▀    ▀██████    ████         ▄▄▄▄▄▄████    ████
████      ████   ████     ████      ████▄██▄  ▀████    ████       ████████████    ████
████     ▄████   ████     ████▄     ▀████████▄  ██▀    ████▄     ▐███▌    ▐███    ████       ▄▄
████████████▀    ████     ▀███████▌   ▀█████████▀      ▀███████▌  ████████████    ▀█████▌   ████
   ▀▀▀▀▀▀▀       ▀▀▀▀       ▀▀▀▀▀▀       ▀▀▀▀▀           ▀▀▀▀▀▀     ▀▀▀▀  ▀▀▀▀      ▀▀▀▀     ▀▀   

terrific
Hero Member
*****
Offline Offline

Activity: 546



View Profile
December 13, 2017, 11:33:17 PM
 #7

Hello guys,

1) Do you know if it's legal to open a trading platform where ONLY cryptos are traded? (BTC/LTC, BTC/ETH, ETH/LTC, etc.) Are there regulations?

Only your country regulations can answer this, there are countries that are allowing this whether they allow that or if they don't have any interest to tackle anything related to crypto's.

2) What about a trading platform where cryptos and FIAT money are traded? (BTC/EUR, BTC/USD...)

I guess it doesn't matter if you'll list with other currencies like binary trading but what will the gov't be aware of is when you started to include your local currency.

..C..
.....................
........What is C?.........
..............
...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

Coffee135
Full Member
***
Offline Offline

Activity: 182



View Profile
Today at 10:40:49 AM
 #8

Any use in its activities, Fiat requires you to have a license from the national Bank currency which you use in your activities. In order to obtain such a license need to match a very large number of requirements. You may be forced to provide information about their customers. In addition, you should have a very powerful security system from hackers. Need to tailor their capabilities. I think you have nothing.

P2Pfinder
Full Member
***
Online Online

Activity: 127

Trader and Hedge specialist


View Profile WWW
Today at 10:44:54 AM
 #9

You should take a look to your country regulation or you need to move to a "friendly" country for service you want to offer.

But consider that real issue is money laundering policy, that have no boarders.


Hello guys,

1) Do you know if it's legal to open a trading platform where ONLY cryptos are traded? (BTC/LTC, BTC/ETH, ETH/LTC, etc.) Are there regulations?

2) What about a trading platform where cryptos and FIAT money are traded? (BTC/EUR, BTC/USD...)

⚡️ HedgeFX Trading & Investments ⚡️
Will help you to achieve an average 10% profits weekly on your trades!
https://bitcointalk.org/index.php?topic=2572728.msg26210595#new
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!