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Author Topic: Create an OTC Crypto Company  (Read 44 times)
Andreitos97
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April 30, 2018, 05:52:50 PM
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Hi guys!

Do you know what the licenses are required for creating a company that only deals with OTC markets?
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May 01, 2018, 01:55:09 AM
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So OTC is an altcoin?? and you want to create an exchange. If so, you better consult a lawyer rather than asking here, since you'll be able to get a clearer answer that way. And I think it depends per place where you want your service to be available to...

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May 01, 2018, 05:31:04 AM
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So OTC is an altcoin?? and you want to create an exchange. If so, you better consult a lawyer rather than asking here, since you'll be able to get a clearer answer that way. And I think it depends per place where you want your service to be available to...

OTC is a short term for over the counter trading, where you can trade directly with a supply dealer instead of setting a live order on a given market.

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Andreitos97
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May 01, 2018, 06:49:41 AM
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So OTC is an altcoin?? and you want to create an exchange. If so, you better consult a lawyer rather than asking here, since you'll be able to get a clearer answer that way. And I think it depends per place where you want your service to be available to...

OTC is a short term for over the counter trading, where you can trade directly with a supply dealer instead of setting a live order on a given market.

Exactly!

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Andreitos97
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May 02, 2018, 08:42:26 AM
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Up!
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May 02, 2018, 10:51:44 AM
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I'm sorry to say, but if you have to ask people what you have to do, then don't bother getting involved in this side of the market. Licenses aren't just something you can obtain by applying for them, but involve an entire legal procedure that can cost you hundreds of thousands, up to even millions in some cases.

And then there is still that you are only allowed to trade within one country or state, so depending where you plan to offer your services, you might end up having to apply for plenty of licenses instead of just one. Getting one license is already a costly legal battle, getting plenty is an impossible target if you don't have the capital for it and a viable business plan. Don't do it, it's not going to be of any help for you.

Instead, try to act as private OTC broker. It's not entirely legal, but as long as you manage to remain 'under the radar', you should be just fine.

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