The below is from my upline Dane Koller.
Team,
For those that don't know that the US Commodity Futures Trading Commission (CFTC) passed a ruling on September 17th
that classified Digital Currency a Commodity - This is actually very exciting for OneCoin. Dr. Ruja has filed all her papers to get her license so we can become a commodity as well. Bitcoin has been the first to do it in the US. This was BEYOND the control of OneCoin - A US Government Agency changed the landscape NOT ONECOIN - This new landscape requires that OneCoin file registrations to do business in the USA and that will take some time - it could be weeks it could be months. - In the mean
time we cannot trade our OneCoins and we cannot advertise publicly about OneCoin - The mission is to educate people on how to create a Plan B and adopt the future of currency - Dr. Ruja is a lawyer - she understands the landscape and I confident understands the registration process. - Please understand it is a registration - the CFTC does not approve or deny applications - they just make sure that they are complete and in compliance - they are a regulatory body that oversee commodity and futures
transactions…
Is this a bump in the road - yes it is...is it a game changer - to some degree yes it is because the marketing requirements will be a lot more strict. All material will have to be approved by the company. The CFTC's big concern will be that there is fair trading practices, audits are in place and advertising/solicitation policies are adhered to. Regulation in the US is a two edge sword - On one hand it
protects the consumer, on the other hand it restricts the free marketing of emerging growth markets.
Here is the game changing article giving insight to the situation.
Please be aware - this ruling just happened and OneCoin is having to comply with new registrations - If they do not
comply there will be no OneCoin in the USA period.
In the meantime we can still market privately to friends and family about OneCoin here in the USA and also across the world. (Market based on informing others about cryptocurrency). I'm continuing to educating people. Your tokens will continue to mine and your coins will continue to increase in value.
Patience is a virtue - compliance is a must - we are pioneers in a very volatile industry and this risk comes with the territory - but RISK is the pre-requisite of wealth - Leaders see it through - Losers quit.
I am excited that digital currency is now recognized as a commodity - the next step is to recognize it as a currency like they have done in
Australia.
Understand that digital currency can be a threat to the existence of the US Dollar - if people stop using the dollar - it loses it's liquidity BUT at the same time digital currency can create a new trillion dollar industry that can be taxed as well - only time will tell how this will play out.
At the end of the day please
accept the fact that OneCoin has to comply and file the registrations and until that is done we have to comply with their restrictions in the USA - It is imperative that we comply.
Last note - Digital Currency is not going away - it cannot be un-invente
d - if the USA does not get on board fast the rest of the world will and the dollar will
lose it's grip every day - like it already is.
I am optimistic - I am pleased that the company is complying - If they were not complying then I would be concerned. <===Important!
To
our success!
