Apr 25, 2019

(P4) How can we prepare for the ONE exchange and remittances?

Part 4

Further there are several specifics according the operational jurisdictions for the Exchange that have to be considered.

Countries whose approach towards exchanges are positive, but in order the exchange to provide services to their citizens the Exchange that we cooperate with has to apply in front specific government institutions.

Here are some examples of the above mentioned:

Lebanon – Need rep. office only – notification letter to be sent to the Central bank
Thailand – Need rep. office – the rep. office should send notification of operation to the authority, but there is no clear identification of the authority
Vietnam – Rep. office - the rep. office should send notification of operation to the authority
Japan -Exchanges are legal in Japan if they are registered with the Japanese Financial Services Agency. But there is no clear answer till that moment.

2. After gaining the European license for exchange and remittances will start operation in:

European Union

Estonia – Need rep. office and European License
Other Schengen Countries, None of the other Schengen countries reverted with a clear answer Germany, France, Belgium, Italy, Cyprus, Greece (Decision after submission of request – on a case by case basis) other countries didn’t revert till this date.
Hungary – Based on European license they may give a specific permission of activity
Georgia - Based on European license they may give a specific permission of activity
Czechia – No answer till this date

Countries where Exchanges need their local licenses:

Jordan – need License - the license is required and to be applied at the Central bank of Jordan
Iraq – need License - the license is required and to be applied at the Central bank of Iraq
China – Need rep office and license - the license is required and to be applied at the Authority and Central bank together
Singapore – Need rep office and license - the license is required and to be applied at the Authority and Central bank together
South Korea – Not allowed – They require an independent License for operation with an independent setup

Countries where Exchanges are not allowed:

Kuwait – Not allowed – No regulation and not allowed for any license
Malaysia – Not allowed – they consider this not in line with the Islamic Shariaa

Australia- in process

Cryptocurrencies included (in the Exchange in process of approval)

• Bitcoin (BTC)
• Ethereum (ETH)
• Bitcoin cash (BCH)
• Litecoin (LTC)
• Dogecoin (DOGE)
• Basic Attention Token (BAT)
• Neo (NEO)
• Ripple (XRP)
• Stellar (XLM)
• Dash (DASH)
• OneCoin (ONE)
• EOS (EOS)
• USD Tether (USDT)
• Aeternity (AE)
• OmiseGO (OMG)
• 0x (0x)
• Revian (R)

Fiat currencies including in the Exchange (in process of approval )
• Australian Dollar
• Bahraini Dinar
• Brazilian Real
• British Pound
• Canadian Dollar
• Chilean Peso
• Chinese Yuan Renminbi
• Czech Koruna
• Danish Krone
• Euro
• Hong Kong Dollar
• Philippines Pesos
…..

Lets think, fight and move forward for the better future!
The foundation of creating our better future we are putting in place today.

If you want it work for it!

Postdate 25 Apr, 2019
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Vietnamese Translation:
http://www.tuvanonecoin.net/2019/04/p4-chuan-bi-one-exchange.html

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