Topic: Croatian post office now offer crypto exchange - page 3. (Read 1598 times)

If the model allows bitcoin to be used in post offices in Croatia successfully, it is possible that countries in Europe will learn.  This is also a free and effective way of promoting Blockchain technology and other cryptocurrency projects.

Well, this is only a pilot service launched in three post offices in the coastal town in Zadar which is a spot for tourists. Croatian post plans to launch a nationwide crypto exchange as a step of onnobatiom for their company and do some.things digitally. The pilot which allows cryptocurrency to be converted into Croatia's national currency which is HRK, comes with their collaboration to Croatian electro brokerage and payments firm Electrofirm which operates already for five years. If pilot service became successful, croatia might roll it out to all major towns and tourist spots at croatia.

Regarding security, I think better that user Dzoni answer you since he is CEO of the crypto exchange company.
As for the rest, no one is forcing anyone to use this crypto exchange 
So, if some people are not comfortable to use crypto exchange in the post office, they just won't use it and will find another way to replace their crypto to fiat.
It's simple like that and it's called the free market.
But, this crypto exchange will help a lot in mass adoption of crypto in Croatia and many new people will become comfortable with crypto simple because it's possible to exchange it in the state owned Croatian post.
Such things helps us a lot.

This looks super weird to me, nor legit at all better just use one of the popular and reliable exchanges so you can be sure that your money and your personal data are safe. I use CoinDeal and I can honestly recommend it. Just don't trust every exchange, many of them are a scam.

I think that user Dzoni,  who is also CEO of the crypto exchange company, explained everything very clear in his posts here.
There is no confusion here,  it's simple business.
Croatian Post offered crypto exchange simple because there are people interesting in such service since Zadar is very famous tourist area.
They made deal with one private company and they are sharing profit.
It's simple like that.
Of course it's legal to use crypto in Croatia and Tax office already issued public statement about crypto and instructions how to pay taxes on crypto earnings.

Post office is also a shop, you can literally buy everything except food:


source: https://www.posta.hr

And their online shop is even better, you can buy more stuff (toys, TV's, food etc), unfortunately not with BTC but hopefully one day it will be accepted. This project is definitely one step forward.
It was always legal

You got a little confused, this is project of Croatian post office and one crypto exchange company from Croatia. Post offices simply become physical exchange offices, and an online-only business also receives its physical dimension. The advantages are that you can sell your coins for fiat, and get cash in your hands instantly.

I do not know where you live, but in the EU post offices are much more than the place where people go to send packages or letters. By switching this type of communication to the digital part, they have to look for new ways to make a profit. This is not the only example of national posts becoming crypto exchanges, read from the beginning of thread if you want more information.

So apart from being a post office they also offer crypto exchange. Its somehow confusing. How can a post office offer two different services? Well, maybe its part of their income generating strategy. However, if that is so then good for them their government had allowed it. It indicates that they already legalized bitcoin in there own way of exchange services.

Dear Dzoni thank you for very good news.
I contacted Post office a few months ago with the same question but received general answer that they will make decision about future of this project based on the results from pilot project in Zadar.
From your answer it seems they decided to continue with this project and to bring it to other post offices in Croatia.
It will be great news for all of us in Croatia and whole btc community.

Hey Daniel91, thank you for your question! Of course there are plans, we are working hard to expand the service, just as it was announced when the pilot project started. Unfortunately, I cannot say much more than this as the project is still in active development. We will have updates on this in the next few weeks, that I can tell you, and the news will be great! :-)

Personally, in my opinion this offer is very good step for mass adoption of crypto in Croatia.
Before I talked about crypto to many of my friends but they wasn't impress about it and they thought it was another scam on the Internet.
Now, when I told them that as pilot project Croatian post offered crypto exchange they changed their attitude and became interested in hearing more about bitcoin and crypto
Of course, those who care about anonymity will not sell bitcoin in the post but for others it will be proof that btc and crypto are legal.
I would like to hear from user Dzoni, Nikola Skoric, CEO of Electrocoin d.o.o. company behind this pilot project with Croatian post, about future plans with Post regarding this crypto project.
Any update Dzoni?

Any move forward to mass adoption is good enough for me. There are many people who may wish to use this new service and it may be very convenient for Locals too who want to park some of their cryptos for fiat in a variety of ways and not just through one channel alone, or one card, which is all good in the long term in my humble opinion. The more options people have to spend and exchange their Bitcoin, the better it is and also this is like another form of soft marketing so Kudos to the Croatians who have got it more together where BITCOIN is concerned and helping their Citizens get more BITCOIN Savvy by offering this new service. Some people may not mind paying the service fees, which might be cheaper than having to always convert via other means.

Let's not fool ourselves, Croatia is a member of the European Union, and must obey the laws which apply to that same union. Just imagine that you can step into state-owned institutions and convert cryptocurrency to fiat without any ID, it could be said that the state allows legal money laundering in this case.

It is wrong to mix the purpose of Bitcoin with fiat laws and regulations, when you convert crypto to fiat you are moving into a completely different category. It is beyond all logic to believe that any country will allow anyone to buy or sell crypto without verifying its origin, which is still possible today.

If you want anonymity and privacy, don't convert crypto to fiat, or at least find a way to do it without giving your ID/KYC.

If in your opinion being requested an ID by the state-owned institutions/companies is a normal step, for me it is not. Doesn't it basically stand against the purpose of Bitcoin?

While these news are amazing as we're taking a look at the evolution of cryptocurrencies, this KYC part annoys me. It's not that I'm hiding my identity, but these two (AML and KYC) could affect anybody at any time and involves a third party being used in the transaction process. That's either the bank being allowed to either accept or refuse your transaction in case of a bank transaction to buy/sell crypto, or the state itself doing the same thing but with cash by requesting your identity.

I've been running away from control for so many years, and yet today we're exactly where I feared we could end. I am just afraid this is not a step they took to adopt cryptocurrencies but a step to try an artificial centralization of Bitcoin. The amount of precious metals you can buy in the EU anonymously is also starting to get shrinked, slowly but it does affect a lot of people.

Sorry now for deviating from the main subject. Overall, it makes me happy to see adoption and I'm sure projects like this will attract new people to invest too. I just hope these new investors will have a real, not a false image of crytpocurrencies in their head.

20kevin20, you ask questions to which answers have already been given, you just need to read from the beginning. It is a normal thing that any seller in the post office needs to give their ID, it is a state-owned company which can not afford to purchase crypto without asking for a document from a client. It also should be noted that this project is still in the test phase, only in a few offices in one city.

There are some other options in Croatia where users can buy/sell certain amounts of coins without any ID, but based on information posted in this thread all of them will need to adjust to new AML rules which should come into force early next year.

A milestone is still a milestone. This is a good news considering that the countries post office is the one that offer crypto exchange, or should I say adopt bitcoin so you cn send a letter. Even it looks like just a simple or a small accomplishment, it is still adoption, and adoption is a milestone for us. We hope for future potential adoptions and who knows what will be the next?

I thought about something different: allowing the citizens to sell their crypto so the government can stack up coins for some kind of artificial centralization:

1. Only buy BTC from citizens
2. Stack up a lot of coins
3. Start allowing your citizens to buy BTC from you too, but change policy: ID REQUIRED.
4. Create yourself a history of every BTC buyer and seller

I remember Amazon had patented a way to find out who's who on the BTC blockchain explorer a few years ago. Who knows, it might already be activated and running...

This is a piece of good news for the whole community, considering that it is a state-owned post office is offering an exchange of various cryptocurrency to their local fiats, it just shows that the government really is accepting crypto.
It is government-owned
They are only buying cryptocurrency of course to profit, they will set a lower buying price compared to the market for them to generate profit since this is a state-owned office there's a huge chance that verification will be required for each transaction.

Republic of Croatian post office have adopt bitcoin and altcoin is fantastic, maybe there are will available for using bitcoin just few day later, best promote if any country want to allow using bitcoin and altcoin for their post office and hope will adopt by many office in republic of Croatian, little give light for bitcoin after many country look not happy with bitcoin become digital currency payment.

Wow, that's purely amazing. This is what we need. I'm honestly surprised to see institutions actually accepting cryptocurrencies. I'm wondering what their plan is - maybe they're trying to become friendly with us so we don't turn against them?

I might be wrong - is the Hrvatska Posta owned by the Croatian government or is it a private post? Also, why are they only accepting to BUY cryptocurrency from us? Why don't they also sell? Do they require an ID to finish the transaction, considering we need to pay taxes for our cryptocurrency profits? I have a lot of questions actually, if somebody could reply it'd be awesome.. Next time I'm visiting Croatia I have to check this out