It depends. Typically as a money transmitter, you are neither the owner of the transaction nor the beneficiary. You are acting as an intermediary. Whether the funds are pushed to you, or the funds are pulled by you, via authorization, the fact remains the same, you are acting as an intermediary to execute the transaction. […]
Probably Ethereum. It is the one that is perhaps most used. Plenty of smart contracts on it. Almost every ICO conducted has raised funds via Ethereum (or Bitcoin). Most of the transactions for ICO related token sales are on the Ethereum platform. Very economical to move value via Ethererum. Again, perhaps the only cryptocurrency token/platform […]
Why is it so easy for some companies like Coinbase to deal with both fiat and crypto when it’s virtually impossible for others?
It is not that difficult if you know whom to contact and what it entails. Getting access to the fiat rails (on/off ramp) from your crypto exchange (for example) requires you to run a marathon. 26 miles (proverbial example, with each mile being a milestone). Many are not prepared to run the distance (it takes […]
It depends which geographic area you are talking about and which cryptocurrency in general. In some countries, they have outright banned cryptocurrencies (See: Legality of bitcoin by country or territory | Wikiwand) In other countries, regulations are slowly coming out, to regulate the dealing of cryptocurrencies when it is a token or some form of an offering and […]