Topic: Starting a new online site and company, would really appreciate feedback. (Read 480 times)

Thank you very much for letting us in on this information. Do you know if you need a license to operate a strictly Bitcoin enterprise in the UK? We will not be handling fiat currency at all.

You could indeed incorporate in Tunesia, but in a lot of countries it is illegal to participate in gaming outside the country. To offer service eg. in UK you need a licence in UK and an office AFAIK.
 

Dear Bitcoin Forum Community,

In a few weeks a colleague and I will be launching a lottery/investment site tied to a company we are incorporating in Tunisia, Africa. We will also be hosting the service there so as to not break any laws in other, less friendly jurisdictions.

We will be hosting a lottery/investment vehicle funded with, and paying out in bitcoin.

What my colleague and I would be like to know is how we may prove to the larger community that our site is safe, and reputable like Primedice or Just-dice before it.

Are there any best practices you would suggest? Is there any method (code-wise) by which we may prove to you that we will not have access to your funds, whilst also displaying that our game is provably fair? Is there any hallmark we can deliver to instill faith that we will do our utmost to maintain and elevate our customer service?

In the past, people have distrusted my partner and myself because of the location of our servers in Africa. I, personally am Canadian, whilst my partner is Tunisian. We host the service in Tunisia so that we do not break the law. Are there any jurisdictions that would make users more comfortable, say the Isle of Man for example? We want to look to avoid places with prohibitive licensing costs. We have just started and have less than $10K to our project budget, and some of the licenses in the Euro-zone cost 30K-50K euros.

Thank you for any time and input you may have for us. I cannot frame in words how appreciative I am, this may very well change my life.

I will post a link to the site, and the game details once we have figured our hosting and best practices logistics.

Regards,
Open Ocean