Yes at a minimum Veve would need money transfer licenses

Question

Yes at a minimum Veve would need money transfer licenses

in each state and regardless of gems being on chain or not I believe they are likely classified as a stable coin and recently under SEC jurisdiction. My main concern though is liquidity for gems when people want to cash out. When people want to cash out, how will they receive funds? Bank transfer?

#cryptocurrency #ecomi #english

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11.11.2021

9 ответов

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Cynthia AmaZix

They're currently testing the last phase of the cash out, few users are able to do the test too before it is open to the general public.

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11.11.2021

Emaginary Автор вопроса

Cynthia AmaZix
This is a deflationary model. Every time a purchas...

But the deflationary action of burning of OMI has nothing to do with gems = dollars, right?

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11.11.2021

Essa AmaZix

Cynthia AmaZix
This is a deflationary model. Every time a purchas...

+1000 💪

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11.11.2021

Cynthia AmaZix

Emaginary
But the deflationary action of burning of OMI has ...

"Every time a purchase is made in gems an equal value of OMI tokens are burned"

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11.11.2021

Emaginary Автор вопроса

Cynthia AmaZix
"Every time a purchase is made in gems an equal va...

You keep saying these things but it makes no sense. If the money comes out of bank of new Zealand, are you are going to do an international bank wire to transfer funds into US Bank accounts?

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11.11.2021

Cynthia AmaZix

Emaginary
You keep saying these things but it makes no sense...

Lol, details of how the withdrawal will go is yet to be announced. I can't give you information I don't have. Stay tuned for when it is announced.

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11.11.2021

r t

Emaginary
You keep saying these things but it makes no sense...

Im pretty sure the admins here only know as much as we do based on AMA.

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11.11.2021