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nify-

Hi. Can someone explain to me why there is need

MTL to convert GEMS to FIAT when there is no need to convert FIAT to GEMS ?

#cryptocurrency #ecomi #english
0

7 ответов

11 просмотров
Chris AmaZix-

It’s due to regulatory and anti-money laundering reasons.

0
11.10.2021
nify- Автор вопроса
Chris AmaZix
It’s due to regulatory and anti-money laundering r...

yes I understand but why there is no need for MTL for the FIAT to GEMS conversion?

0
11.10.2021
nify- Автор вопроса

money transmitter licensing

0
11.10.2021
Chris AmaZix-
nify
yes I understand but why there is no need for MTL ...

That’s because Veve isn’t the one processing payments. But in the case of gems to fiat, Veve will be transferring money to its users so they need a license for that.

0
11.10.2021
Flairmaister-
nify
money transmitter licensing

Okay, exchanges can do that no?

0
11.10.2021
nify- Автор вопроса
Chris AmaZix
That’s because Veve isn’t the one processing payme...

Who processes the payment when there is a FIAT to GEMS conversion ?

0
11.10.2021

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