ONECOIN - In line with our vision to create a mass market for OneCoin, we aim to ensure global usage for the coin. OneCoin is the best cryptocurrency for merchants - easy to use and with a blockchain running every minute.
Cryptocurrencies have been part of our lives for the past seven years and since then the industry has been developing with rapid speed. With over 1350 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. The authorities' goal is to prevent the possibility of using cryptocurrencies as a means for criminal activity.
Considering the fact that each cryptocurrency has unique traits, we believe that OneCoin and every other cryptocurrency on the market should be assessed by regulators based on its unique traits.
To prevent individuals from engaging in criminal and unwanted behavior, OneCoin monitors its clients and implements 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 any possible misconduct by its users.
OneCoin is the first company in the world to audit its blockchain by an external, independent auditor. The objectives of the audit are to assess the consistency of the blockchain and to verify that no coins are mined outside of the blockchain. This proves that all existing transactions are included in the blockchain and are consistent.
OneCoin is transparent and secure
Reviewed by Expert CryptoCoin
January 05, 2018