182 sats \ 4 replies \ @south_korea_ln 23 Feb \ on: Lightning to bank in 1 minute - Why and what does it mean to the community? lightning
Congrats, looks pretty neat. I was actually looking at your team on the website earlier today. I didn't expect to see this team of fellows from India working on an app targeted specifically at the EU market. The regulations must be tough, doing this remotely from India. Quite impressive!
Out of curiosity, what are your withdrawal limits, to comply with AML regulations? Like how much can a citizen from one of these 31 countries cash out from his self-custodied wallet into a SEPA wallet?
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100 sats \ 2 replies \ @prashanthc OP 23 Feb
Thanks!
We are a technology company that ties financial services together in a compliant.
We partner with VASP license holders for swaps and EMIs for IBAN and SEPA transfers.
We do not hold the custody of funds at any point in time.
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0 sats \ 1 reply \ @south_korea_ln 23 Feb
So what are the amounts?
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0 sats \ 0 replies \ @prashanthc OP 23 Feb
15k per month withdrawal limits
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121 sats \ 0 replies \ @south_korea_ln 23 Feb
(and sorry if I am somehow assuming that your whole team is in India, they could very well be EU citizens for that matter)
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