Thank you for your interest in Unicoin!
I regularly comment about the upcoming change of the U.S. Administration and its anticipated impact of the crypto regulation in the United States.
The reason for my attention to this matter is quite obvious: the U.S. Securities and Exchange Commission has been so aggressively anti-crypto that on numerous occasions we considered moving Unicoin to a crypto-friendly jurisdiction.
Two years ago, President Biden signed an Executive Order on the matter of cryptocurrencies and other digital assets, in which he stated, “We must reinforce United States leadership in the global financial system and in technological and economic competitiveness, including through the responsible development of payment innovations and digital assets. The United States has an interest in ensuring that it remains at the forefront of responsible development and design of digital assets…“
The Order instructed federal agencies to conduct a wide assessment of existing policies relating to digital assets and to submit reports recommending regulatory and legislative reforms. Regrettably, no such reforms have occurred.
We’ve been patiently waiting for the outcome of the ongoing Presidential Race.
Here some recent comments of Moe Vela, our Senior Advisor:
- In Newsweek.
- In Axios.
- and in FOX:
The current anti-crypto policies in the USA impede our business greatly.
For example, we were forced to curtail our “100 free unicoins” airdrop because of the utterly ridiculous policy which equates gift-giving to selling. (Imagine that somebody gifts each passer-by a free rose. I bet that only the SEC would call it an act of sale/purchase.)
While hundreds of non-U.S. crypto companies have used airdrops as a marketing technique, we find ourselves at disadvantage by not being able to use it to increase brand visibility and value of Unicoin.
The larger difficulty we’ve been facing is the reluctance of major international crypto exchanges to list Unicoin due to our registration in the United States. The exchanges point out that by listing Unicoin, they may become a subject of the intrusive SEC regulation and subjects of lawsuits similar to those SEC filed against Binance and Coinbase.
Rather than relegating Unicoin to second-tier exchanges, I intend to submit for the approval of the Board of Directors and Shareholders a plan of outsourcing our non-U.S. business to a non-U.S. entity in a manner which would increase the shareholder value and minimize jurisdictional risks.
Our U.S. strategy is to become the first cryptocurrency approved for public trading in the United States. (Our S-1 application for publicly trading our stock was submitted in February and we plan to submit the S-1 for trading unicoins upon becoming a publicly traded company.)
Our global strategy is focused on using our funding, including the assets we’ve received from investors, to turn Unicoin into a leading cryptocurrency brand and thus securing a sizable slice of the crypto market.
Alex Konanykhin
CEO, Unicoin Inc.
Linkedin.com/in/konanykhin
Konanykhin.com
Unicoin.com
1 World Trade Center
85th Floor
New York, NY 10007
P.S.: I cannot possibly answer all the questions myself, so your response to this message may be processed by members of our Investor Relations team. My past updates can be found at u.site/updates You can watch an episode of our Unicorn Hunters show about Unicoin at u.site/uhuc
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