So you are not a bank and therefore don't have to abide the banking regulations?
You are also not a lottery, therefore not regulated by the gambling board?
Am, I correct in that assumption?
From what I see is that you are a self proclaimed financial technology startup that like people to deposit money with them, so you can invest this money and earn interest. In return the customer get the chance to win a litle bit of money, but no interest or anything else.
Sounds to me like a nice get rich quick scheem that relies on the predatory system of taking advantage of financially weak people.
Sad thing is that there are enough people that will actually join this.
mudokin5 karma
So you are not a bank and therefore don't have to abide the banking regulations? You are also not a lottery, therefore not regulated by the gambling board? Am, I correct in that assumption?
From what I see is that you are a self proclaimed financial technology startup that like people to deposit money with them, so you can invest this money and earn interest. In return the customer get the chance to win a litle bit of money, but no interest or anything else.
Sounds to me like a nice get rich quick scheem that relies on the predatory system of taking advantage of financially weak people.
Sad thing is that there are enough people that will actually join this.
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