I'm Designing Mobile App Need Some Financial Assistance | Vkeel - Free Legal Advice

SRIKANTH

Hyderabad

Initially when users signup to the app they'll purchase coins. After playing the game winner will be declared and awarded with coins. At some milestone, they can redeem coins to their bank account as money. Is there any restrictions to do this with RBI or any other law. I wanna know if there I want to go with the law.

Expert's Answers(1)

Advocate Ngr Ghayaz R
Chennai, Tamil Nadu

it's related to online gambling business sir. obviously u need to do legal work much more. plz put Ur more info so that I can help u out

May 16, 2019