With its millions of followers, OneCoin quickly became the second largest cryptocurrency company in the world with a market cap of 3,34 billion in March 2016. With over 600 cryptocurrencies available currently there are both amazing opportunities for innovation but there are also cases hinting that, in general, cryptocurrencies are also uniquely suited to facilitate dubious behavior.
Regulatory challenges related to cryptocurrencies are mainly linked to the anonymity of transactions and the decentralization of financial dealings. Currently the goal of authorities is preventing the possibility of using cryptocurrencies as a vehicle for criminal activity.
In order to prevent individuals from engaging in criminal behavior, OneCoin has taken active steps in monitoring the market and implementing rules aligned with the legal development. For example, to prevent money laundering, identity theft, financial fraud and terrorist financing OneCoin has implemented KYC (know-your-customer) rules thus disrupting possible misconduct of its miners.
By requesting documentation that proves the identity of each client, OneCoin makes sure that each value transfer made by using the protocol is not anonymous. Since global business opportunities demand a sophisticated international customer identification and verification solution, the KYC policy adopted by OneCoin entails identifying the customer and verifying the identity by examining reliable and independent documents.
All submitted identifying documents and details remain confidential. The KYC information requested includes name, residential address and date of birth/country, as provided to OneCoin upon account registration.
Since its establishment in 2014, OneCoin is dedicated to have a coin for mass use in line with its vision - to provide access to financial services for everyone. To fulfill our promise to the growing community using the Coin, we started creating an ecosystem around the coin combining education, innovation, trading and investing, charity activities, business app solutions, entertainment and games, etc.
Today we are proud to say that our clients can choose between a growing number of OneCoin products in the areas of education, innovation, payments, exchange, trading and investing, business app solutions, entertainment and games, and more. Some of our products and partners include OneAcademy, OnePay, One Card, OneCoin Exchange, CoinCloud, CoinVegas, One World Foundation and many more!
With its powerful vision, strong leadership and clear business strategy, OneCoin revolutionizes the financial world and helps all people worldwide to become part of it.Thanks to its centralized system, the OneCoin management team is extremely efficient in managing its brand and making strategic decisions. The centralized system also means that the OneCoin block chain does not resemble a public ledger. Therefore OneCoin is the first and only digital currency company audited every month. The block chain of OneCoin consists of each transaction ever performed in OneCoin.
So far each block chain Audit Report clearly showed that the block chain of OneCoin is consistent, meaning that there are no coins mined outside of the block chain and there are no alterations in the block chain. What the members see as a number of coins mined on the website is what actually happens and that there are neither more nor less coins than those stated on the website.
Tailored for futureproof mass transactions, the OneCoin block chain can perform more transactions than global credit card providers. The block chain of OneCoin consists of each transaction ever performed in OneCoin. Anonymous transactions are not allowed and the company follows strictly anti money laundering policy, carrying KYC on different aspects of its activities. The block chain is based on protocols that authenticate, validate and store information in consistent, unbroken sequences that make the system safer by reducing fraud, duplicity and forgery.
Our goal therefore is not only to to change the world of finance, but most importantly – to do that in a responsible way. OneCoin complies with all regulations that make payments and transactions transparent, safe and secure.
2016-04-04 10:09