Bengaluru | 15 May, 2020 (2 months, 3 weeks ago)

Startup Funding and Finances

Legalities behind in-app currency as crowdfunding rewards

What are the legalities behind providing in-app currency as a crowdfunding reward? It happens in token based crytpocurrencies, but is it possible without involvement of crypto? Also, would providing a promise of being able to convert said in-app currencies in future into stakes in certain products be an issue? I understand security based crowdfunding is illegal in India, but would this affect such a scenario where it is a future matter and can and will probably be done abroad in a county where it is legal, assuming India doesn't change its stance by then?
18 May, 2020 | 10:18

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