3 ms·

What paperwork do you need as a business to buy bitcoin?

• danieltillett 10y ago
  Thanks to the RBI you need to go through the full KYC process - basically the same as setting up a business bank account. This in not low friction.
  • sayelt 10y ago
    With banks you always go through KYC/AML, this is nothing to do with bitcoin, and everything to do with banks.
    • danieltillett 10y ago
      Well everything to do with the RBI regulations on bitcoin in India. The end outcome is that bitcoin is not a viable option to solve the India payment problem.
      • sayelt 10y ago
        If your legal system is fucked, that's not bitcoin's fault.