Joby Boughey I am the founder of The Crypto Pro's, which is an education business into Cryptocurrency, Bitcoin and the Blockchain technology. I am a full time Entrepreneur and Vlogger. My whole purpose is to give you education and understanding of this concept work. I started my Bitcoin journey in late 2012 and truly believe this will change the way we use and transact money forever!!
Wednesday, 7 October 2015
Crypto and digiatl currencies now a commodity
Crypto and Digital Currencies now a Commodity
learn more here http://bty.link/presentation
So the CFTC - (Commodity future trading commissions) have declared all Crypto currencies are now an official commodity.
This is huge news in the industry and will change everything.
No matter what Crypto currency you are with wether its -
Bitcoin
Litecoin
Dodgecoin
ONECOIN
The company will have to follow all the new rules.
I am currently working with ONECOIN so All members please stay calm this is a huge moment for us we
will be fully regulated by the SEC -
( Securities and Exchange Securities
The U.S. Securities and Exchange Commission (SEC) is an agency of the United States federal government. It holds primary responsibility for enforcing the federal securities laws, proposing securities rules, and regulating the securities industry, the nation's stock and options exchanges, and other activities and organizations, including the electronic securities markets in the United States.[2]
In addition to the Securities Exchange Act of 1934, which created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, and other statutes. The SEC was created by Section 4 of the Securities Exchange Act of 1934 (now codified as 15 U.S.C. § 78d and commonly referred to as the Exchange Act or the 1934 Act).
It has not changed our goal just our path and this is going to make ONE COIN even stronger and fully compliant within the new laws of the USA.
I see so many people panicking and saying its over or Bloggers writing complete rubbish AGAIN.
If you look at any site that has scam articles on please take notice of all the ADVERTS on their page that
they are getting paid to have on their and monotize their BLOGS.
Do not listen to them if you do it could cost you in the long run.
This is the truth i will always be open and transparent with you . Please remember Dr Ruja ignatova is a huge layer
and runs one of the best law firms in Europe. Do you think she would risk anything by not following the new laws.
She has the best legal team on board and are looking at every angle possible and jumping through every hoop that the SEC
is giving her to comply with.
The USA has had to step back from legally promoting this on social media, but there are hundreds of companies out there that do not allow social media promoting.
Once we have the fully regulated license it is game time for any One coin member
Please be aware that even bitcoin has to abide by these rules and some people are forgetting Bitcoin is 6 years older than One Coin so it has been through way much more than we have.
Once we have mined 70% of our coins thats when we go on the big exchanges until then we remain a closed source crypto currency and stay like Apple .
Here are the links in videos to articles i used
http://techcrunch.com/2015/09/18/reiterating-the-irs-a-u-s-government-agency-declares-bitcoin-a-commodity/
http://www.coindesk.com/bitcoin-as-a-commodity-what-the-cftcs-ruling-means/
https://en.wikipedia.org/wiki/U.S._Securities_and_Exchange_Commission
http://www.coindesk.com/cftc-ruling-defines-bitcoin-and-digital-currencies-as-commodities/
http://www.cftc.gov/PressRoom/PressReleases/pr7231-15
The goal posts have moved but we stand strong in our community and will prevail even stronger
#onecoin #workingforthefuture #fullycompliant #jobyboughey
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