Here are the facts!
https://www.businesswire.com/news/home/20171215005128/en/AML-BitCoin-Enters-Phase-II-ICO
They moved just google :
aml bitcoin ico extend mid January
AND I HAVE A HUGE ANALYSIS REPORT FOR INVESTORS - this Project is BUYER BEWARE!
I will not publish my findings yet! All i want is ALL my money back and I exit this worthless project! I have enough economic and scientific facts to deem it worthless!
I'm staying a little professional but expect ALOT MORE FIRE! FROM ME IF I DON'T GET MY MONEY BACK ASAP!
ITS 2 DAYS, NAC FOUNDATION TEAM HAS NOT RESPONDED TO 3 OF MY EMAILS: THIS IS UNPROFESSIONAL!
Topic: [ANN] AML BitCoin Token Sale is now LIVE ! - page 99. (Read 369875 times)
It took a while until the coins are in. I think this Coin will rule because of it is identify based.
You may be thrilled about it but I'm totally against it for a lot of economic and scientific assessments I have made. I'm one of the early investors on OCT 6th that is pissed for for how poorly this ICO has been run. Since investing on OCT, 6th I have done lots of personal research on the economic viability of this project versus others on the market===the result is nothing but REGRET! Most of my findings have been heavily negative and for now, I will keep the PDF report to myself. I wanted to get out when they promise to end the ICO on Nov 15th--they instead extended phase 1. They then promised Dec 15th to list on HitBTC, NAC team changed their mind again and decided to push this further. AND DOES ANYONE HERE FEEL STARVED FOR INFORMATION? This thing my go a full 12 months of crowd funding! I can almost guarantee it! But the promise will be next month and the next.I sent 3 separate emails to [email protected] over 24 hours ago and they have still NOT been replied! I DO NOT WANT ANYTHING TO DO WITH THIS PROJECT! I WANT ALL MY ETHERS BACK! PLEASE RESPOND TO MY EMAILS . THANK YOU!
It took a while until the coins are in. I think this Coin will rule because of it is identify based.
You may be thrilled about it but I'm totally against it for a lot of economic and scientific assessments I have made. I'm one of the early investors on OCT 6th that is pissed for for how poorly this ICO has been run. Since investing on OCT, 6th I have done lots of personal research on the economic viability of this project versus others on the market===the result is nothing but REGRET! Most of my findings have been heavily negative and for now, I will keep the PDF report to myself. I wanted to get out when they promise to end the ICO on Nov 15th--they instead extended phase 1. They then promised Dec 15th to list on HitBTC, NAC team changed their mind again and decided to push this further. AND DOES ANYONE HERE FEEL STARVED FOR INFORMATION? This thing my go a full 12 months of crowd funding! I can almost guarantee it! But the promise will be next month and the next.I sent 3 separate emails to [email protected] over 24 hours ago and they have still NOT been replied! I DO NOT WANT ANYTHING TO DO WITH THIS PROJECT! I WANT ALL MY ETHERS BACK! PLEASE RESPOND TO MY EMAILS . THANK YOU!
It took a while until the coins are in. I think this Coin will rule because of it is identify based.
http://nbherard.com/business/creator-of-aml-bitcoin-in-talks-with-estonian-and-slovenian-governments-on-blockchain-projects/21251
TALLIN, Estonia November 17, 2017
NAC Foundation, LLC – the company behind new digital currency AML BitCoin and patent-pending anti-money laundering and know-your-customer technologies, has announced negotiations with Slovenian and Estonian officials to probe how these countries could utilize AML BitCoin’s patent-pending digital blockchain platform.
Led by the CEO of NAC Foundation Marcus Andrade, the meetings were held at the time of the EU Digital Summit in Tallinn, Estonia. Andrade briefed numerous Estonian legislative leaders, including a key parliamentarian digital commerce leader Kalle Palling, on strong international governmental interest in partnering with AML BitCoin who see the project as a solution to stability and security problems threatening the Bitcoin cryptocurrency. Andrade also presented the project to the Estonian e-Residency team, which is exploring a launch of its own digital currency, the ESTcoin.
“Because of its AML/KYC (anti-money laundering/know your customer) features, AML BitCoin is the digital currency that is most able to engage in mainstream commerce, taking its place among traditional payment options,” said Andrade.
Marek Pajussar from the Estonian Financial Supervision Authority expressed strong interest in AML BitCoin’s technological advances with its AML and KYC protocols and procedures.
In Slovenia, Andrade briefed the Slovenian Deputy Prime Minister and Minister of Public Administration Boris Koprivnikar. As the Minister of Public Administration, Mr Koprivnikar’s mission is to ensure efficient and forward-looking support for Slovenian citizen, industry and government initiatives. He showed particular interest in understanding how the identification segment of the AML BitCoin platform could be used on a wider scale.
Mr. Andrade also met with key representatives of the Slovenian National Assembly. Deputy Matej Tonin, one of the representatives pushing for cyber security regulation, queried Andrade on how other governments are approaching regulating blockchain and digital currencies.
Andrade hopes that Slovenia and Estonia – the European Union’s technology leaders – will soon join other governments around the world partnering with AML BitCoin to promote the use of digital currency with their stable and secure AML BitCoin platform.
“AML BitCoin’s white label platform is unique. It relies on complex verification methods, such as patent-pending biometric digital identification, that other digital currencies and financial technology platforms do not have and have not yet developed. This makes the AML BitCoin platform ideal for use by governments wanting to make their services digital, but also wanting to protect user identity. A number of nations have recently moved against anonymous digital currency, such as Bitcoin, for fear that their anonymity promotes entry by criminal and terrorist elements into otherwise protected financial systems. In the United States, Members of Congress are considering legislation barring the use by U.S. merchants of anonymous, non-AML compliant cryptocurrencies,” said Andrade.
AML BitCoin is the world’s only digital currency with a patent-pending biometric digital identity system tied to the blockchain, enabling strict adherence to all bank security provisions including AML (anti-money laundering) and KYC (know your customer) protections.
_____________________________________________________________________
VERY CURIOUS WHAT HAPPENS IN ESTONIA. ESPECIALLY SINCE RUMOR HAS IT ONE OF THE BANKS IN THAT AREA WILL END UP ON THE OFAC LIST.
This is the stuff that got me excited about AML Bitcoin just wish there was more advertising and more done to let others know about AML Bitcoin,The team is very impressive and have been very busy but we need to make people aware. TALLIN, Estonia November 17, 2017
NAC Foundation, LLC – the company behind new digital currency AML BitCoin and patent-pending anti-money laundering and know-your-customer technologies, has announced negotiations with Slovenian and Estonian officials to probe how these countries could utilize AML BitCoin’s patent-pending digital blockchain platform.
Led by the CEO of NAC Foundation Marcus Andrade, the meetings were held at the time of the EU Digital Summit in Tallinn, Estonia. Andrade briefed numerous Estonian legislative leaders, including a key parliamentarian digital commerce leader Kalle Palling, on strong international governmental interest in partnering with AML BitCoin who see the project as a solution to stability and security problems threatening the Bitcoin cryptocurrency. Andrade also presented the project to the Estonian e-Residency team, which is exploring a launch of its own digital currency, the ESTcoin.
“Because of its AML/KYC (anti-money laundering/know your customer) features, AML BitCoin is the digital currency that is most able to engage in mainstream commerce, taking its place among traditional payment options,” said Andrade.
Marek Pajussar from the Estonian Financial Supervision Authority expressed strong interest in AML BitCoin’s technological advances with its AML and KYC protocols and procedures.
In Slovenia, Andrade briefed the Slovenian Deputy Prime Minister and Minister of Public Administration Boris Koprivnikar. As the Minister of Public Administration, Mr Koprivnikar’s mission is to ensure efficient and forward-looking support for Slovenian citizen, industry and government initiatives. He showed particular interest in understanding how the identification segment of the AML BitCoin platform could be used on a wider scale.
Mr. Andrade also met with key representatives of the Slovenian National Assembly. Deputy Matej Tonin, one of the representatives pushing for cyber security regulation, queried Andrade on how other governments are approaching regulating blockchain and digital currencies.
Andrade hopes that Slovenia and Estonia – the European Union’s technology leaders – will soon join other governments around the world partnering with AML BitCoin to promote the use of digital currency with their stable and secure AML BitCoin platform.
“AML BitCoin’s white label platform is unique. It relies on complex verification methods, such as patent-pending biometric digital identification, that other digital currencies and financial technology platforms do not have and have not yet developed. This makes the AML BitCoin platform ideal for use by governments wanting to make their services digital, but also wanting to protect user identity. A number of nations have recently moved against anonymous digital currency, such as Bitcoin, for fear that their anonymity promotes entry by criminal and terrorist elements into otherwise protected financial systems. In the United States, Members of Congress are considering legislation barring the use by U.S. merchants of anonymous, non-AML compliant cryptocurrencies,” said Andrade.
AML BitCoin is the world’s only digital currency with a patent-pending biometric digital identity system tied to the blockchain, enabling strict adherence to all bank security provisions including AML (anti-money laundering) and KYC (know your customer) protections.
_____________________________________________________________________
VERY CURIOUS WHAT HAPPENS IN ESTONIA. ESPECIALLY SINCE RUMOR HAS IT ONE OF THE BANKS IN THAT AREA WILL END UP ON THE OFAC LIST.
AML BITCOIN TEAM, you will get a lot of negative posts by COINFIRM who is doing an ICO because of the Cease and Desist Order you sent them. I have first hand knowledge of this. Feel free to contact me. There are around 5 of them doing it and I was also asked to do it.
twitdoc.com/99TV
@SMileym24
1) They may think you are indeed behind the coinfirm company slander campaign
2) It is an Aml digital currency so what do you expect?
twitdoc.com/99TV
@SMileym24
1) They may think you are indeed behind the coinfirm company slander campaign
2) It is an Aml digital currency so what do you expect?
I just want my 0.4 ETH back..lol.. :/
I’d feel better if Ethereum was spelled correctly. PII should not be sent via email although a street address was provided. Is there a way to confirm that NAC Foundation is, indeed, a client and this PM is not a solicitation?
The ETH spelling made me say wtf as well...
That was sent to my email address, was not a PM. What do you mean by solicitation?
The problem is nobody is in a rush to answer anywhere...not here...not via email...no where :/
LATER EDIT: Received an email from [email protected] saying that Mr. Neil M. Sunkin can indeed help me wit my request. Let's see now.
The amount of 0.4 ETH was refunded into my wallet. Thank you! It took a while, but worked out in the end.
AML that good idea for project , i think must to join for tokensale , i see on tread AML soon will be add on hitbtc after succesfull on tokensale
lets see for proggress , token sale
lets see for proggress , token sale
http://nbherard.com/business/creator-of-aml-bitcoin-in-talks-with-estonian-and-slovenian-governments-on-blockchain-projects/21251
TALLIN, Estonia November 17, 2017
NAC Foundation, LLC – the company behind new digital currency AML BitCoin and patent-pending anti-money laundering and know-your-customer technologies, has announced negotiations with Slovenian and Estonian officials to probe how these countries could utilize AML BitCoin’s patent-pending digital blockchain platform.
Led by the CEO of NAC Foundation Marcus Andrade, the meetings were held at the time of the EU Digital Summit in Tallinn, Estonia. Andrade briefed numerous Estonian legislative leaders, including a key parliamentarian digital commerce leader Kalle Palling, on strong international governmental interest in partnering with AML BitCoin who see the project as a solution to stability and security problems threatening the Bitcoin cryptocurrency. Andrade also presented the project to the Estonian e-Residency team, which is exploring a launch of its own digital currency, the ESTcoin.
“Because of its AML/KYC (anti-money laundering/know your customer) features, AML BitCoin is the digital currency that is most able to engage in mainstream commerce, taking its place among traditional payment options,” said Andrade.
Marek Pajussar from the Estonian Financial Supervision Authority expressed strong interest in AML BitCoin’s technological advances with its AML and KYC protocols and procedures.
In Slovenia, Andrade briefed the Slovenian Deputy Prime Minister and Minister of Public Administration Boris Koprivnikar. As the Minister of Public Administration, Mr Koprivnikar’s mission is to ensure efficient and forward-looking support for Slovenian citizen, industry and government initiatives. He showed particular interest in understanding how the identification segment of the AML BitCoin platform could be used on a wider scale.
Mr. Andrade also met with key representatives of the Slovenian National Assembly. Deputy Matej Tonin, one of the representatives pushing for cyber security regulation, queried Andrade on how other governments are approaching regulating blockchain and digital currencies.
Andrade hopes that Slovenia and Estonia – the European Union’s technology leaders – will soon join other governments around the world partnering with AML BitCoin to promote the use of digital currency with their stable and secure AML BitCoin platform.
“AML BitCoin’s white label platform is unique. It relies on complex verification methods, such as patent-pending biometric digital identification, that other digital currencies and financial technology platforms do not have and have not yet developed. This makes the AML BitCoin platform ideal for use by governments wanting to make their services digital, but also wanting to protect user identity. A number of nations have recently moved against anonymous digital currency, such as Bitcoin, for fear that their anonymity promotes entry by criminal and terrorist elements into otherwise protected financial systems. In the United States, Members of Congress are considering legislation barring the use by U.S. merchants of anonymous, non-AML compliant cryptocurrencies,” said Andrade.
AML BitCoin is the world’s only digital currency with a patent-pending biometric digital identity system tied to the blockchain, enabling strict adherence to all bank security provisions including AML (anti-money laundering) and KYC (know your customer) protections.
_____________________________________________________________________
VERY CURIOUS WHAT HAPPENS IN ESTONIA. ESPECIALLY SINCE RUMOR HAS IT ONE OF THE BANKS IN THAT AREA WILL END UP ON THE OFAC LIST.
TALLIN, Estonia November 17, 2017
NAC Foundation, LLC – the company behind new digital currency AML BitCoin and patent-pending anti-money laundering and know-your-customer technologies, has announced negotiations with Slovenian and Estonian officials to probe how these countries could utilize AML BitCoin’s patent-pending digital blockchain platform.
Led by the CEO of NAC Foundation Marcus Andrade, the meetings were held at the time of the EU Digital Summit in Tallinn, Estonia. Andrade briefed numerous Estonian legislative leaders, including a key parliamentarian digital commerce leader Kalle Palling, on strong international governmental interest in partnering with AML BitCoin who see the project as a solution to stability and security problems threatening the Bitcoin cryptocurrency. Andrade also presented the project to the Estonian e-Residency team, which is exploring a launch of its own digital currency, the ESTcoin.
“Because of its AML/KYC (anti-money laundering/know your customer) features, AML BitCoin is the digital currency that is most able to engage in mainstream commerce, taking its place among traditional payment options,” said Andrade.
Marek Pajussar from the Estonian Financial Supervision Authority expressed strong interest in AML BitCoin’s technological advances with its AML and KYC protocols and procedures.
In Slovenia, Andrade briefed the Slovenian Deputy Prime Minister and Minister of Public Administration Boris Koprivnikar. As the Minister of Public Administration, Mr Koprivnikar’s mission is to ensure efficient and forward-looking support for Slovenian citizen, industry and government initiatives. He showed particular interest in understanding how the identification segment of the AML BitCoin platform could be used on a wider scale.
Mr. Andrade also met with key representatives of the Slovenian National Assembly. Deputy Matej Tonin, one of the representatives pushing for cyber security regulation, queried Andrade on how other governments are approaching regulating blockchain and digital currencies.
Andrade hopes that Slovenia and Estonia – the European Union’s technology leaders – will soon join other governments around the world partnering with AML BitCoin to promote the use of digital currency with their stable and secure AML BitCoin platform.
“AML BitCoin’s white label platform is unique. It relies on complex verification methods, such as patent-pending biometric digital identification, that other digital currencies and financial technology platforms do not have and have not yet developed. This makes the AML BitCoin platform ideal for use by governments wanting to make their services digital, but also wanting to protect user identity. A number of nations have recently moved against anonymous digital currency, such as Bitcoin, for fear that their anonymity promotes entry by criminal and terrorist elements into otherwise protected financial systems. In the United States, Members of Congress are considering legislation barring the use by U.S. merchants of anonymous, non-AML compliant cryptocurrencies,” said Andrade.
AML BitCoin is the world’s only digital currency with a patent-pending biometric digital identity system tied to the blockchain, enabling strict adherence to all bank security provisions including AML (anti-money laundering) and KYC (know your customer) protections.
_____________________________________________________________________
VERY CURIOUS WHAT HAPPENS IN ESTONIA. ESPECIALLY SINCE RUMOR HAS IT ONE OF THE BANKS IN THAT AREA WILL END UP ON THE OFAC LIST.
Alright, now I've lost all confidence in this project. I just received an email asking my to "Please send an email to [email protected] with an image of your drivers license or government issued photo ID and the email address you used when creating your account."
Is this joke? They want us to send DL or Passport pics via email? Why not send it attached to the back of a postcard, or just Tweet it?
Do a quick google search on sending PII via email, and you'll get hundreds of results warning about how dangerous it is. Anyone with any kind of background in InfoSec, will tell you this is a BIG no-no.
This is a company that we're supposed to entrust with storing our PII, and they can't even provide a safe way to upload it. Sorry, but you've lost any potential trust I may have been willing to extend. This is beyond amateurish and makes the NAC Foundation look like scam artists.
AML Admin, please PM me to arrange a refund ASAP or deal with my lawyers.
Is this joke? They want us to send DL or Passport pics via email? Why not send it attached to the back of a postcard, or just Tweet it?
Do a quick google search on sending PII via email, and you'll get hundreds of results warning about how dangerous it is. Anyone with any kind of background in InfoSec, will tell you this is a BIG no-no.
This is a company that we're supposed to entrust with storing our PII, and they can't even provide a safe way to upload it. Sorry, but you've lost any potential trust I may have been willing to extend. This is beyond amateurish and makes the NAC Foundation look like scam artists.
AML Admin, please PM me to arrange a refund ASAP or deal with my lawyers.
Following conversations with admins, I'm glad to see that the team has been very proactive in addressing the above concerns, and have retracted the request to send ID via email.
AML BITCOIN TEAM, you will get a lot of negative posts by COINFIRM who is doing an ICO because of the Cease and Desist Order you sent them. I have first hand knowledge of this. Feel free to contact me. There are around 5 of them doing it and I was also asked to do it.
twitdoc.com/99TV
@SMileym24
1) They may think you are indeed behind the coinfirm company slander campaign
2) It is an Aml digital currency so what do you expect?
twitdoc.com/99TV
@SMileym24
1) They may think you are indeed behind the coinfirm company slander campaign
2) It is an Aml digital currency so what do you expect?
I just want my 0.4 ETH back..lol.. :/
I’d feel better if Ethereum was spelled correctly. PII should not be sent via email although a street address was provided. Is there a way to confirm that NAC Foundation is, indeed, a client and this PM is not a solicitation?
The ETH spelling made me say wtf as well...
That was sent to my email address, was not a PM. What do you mean by solicitation?
The problem is nobody is in a rush to answer anywhere...not here...not via email...no where :/
LATER EDIT: Received an email from [email protected] saying that Mr. Neil M. Sunkin can indeed help me wit my request. Let's see now.
AML BITCOIN TEAM, you will get a lot of negative posts by COINFIRM who is doing an ICO because of the Cease and Desist Order you sent them. I have first hand knowledge of this. Feel free to contact me. There are around 5 of them doing it and I was also asked to do it.
twitdoc.com/99TV
@SMileym24
1) They may think you are indeed behind the coinfirm company slander campaign
2) It is an Aml digital currency so what do you expect?
twitdoc.com/99TV
@SMileym24
1) They may think you are indeed behind the coinfirm company slander campaign
2) It is an Aml digital currency so what do you expect?
I’d feel better if Ethereum was spelled correctly. PII should not be sent via email although a street address was provided. Is there a way to confirm that NAC Foundation is, indeed, a client and this PM is not a solicitation?
Hi there! I hope there is someone who can help. I deposited some Eth in AML Bitcoin's ICO account, but did not buy any tokens. I would like to withdraw that ETh, as I changed my mind.
Could you please help me with that?
Thanks!
Could you please help me with that?
Thanks!
Hello there! I got a PM to email this issue to an email address provided. It's been far too long and my issue was not resolved even if I mentioned numerous times that is quite pressing. I wouldn't want to think that this is some kind of tactic in order for me to not get my money back.
I am waiting for an official answer.
I received the following email and I would like some opinions from you guys. Thank you.
Dear Sir or Madame,
Your email regarding AML Bitcoin has been referred to me. My client is happy to refund your Etherium and will do so. Please forward to me a copy of your passport or other government issued identification that contains your legal full name and address and a photograph of you, and a copy of a recent utility bill; and NAC Foundation will promptly provide the refund to you.
Very truly yours,
Neil M. Sunkin, Esq.
LAW OFFICE OF NEIL M. SUNKIN
A Professional Corporation
22908 Gershwin Drive
Woodland Hills, CA 91364
Phone: 818/876-9975
Email: [email protected]
Website: www.NeilSunkinLaw.com
CONFIDENTIALITY NOTICE:
This e-mail and any attachments contain information from the
Law Office of Neil M. Sunkin, a Professional Corporation, and are
intended solely for the use of the named recipient or
recipients. This e-mail may contain privileged
attorney/client communications or work product. Any
dissemination of this e-mail by anyone other than an
intended recipient is strictly prohibited. If you are not a
named recipient, you are prohibited from any further
viewing of the e-mail or any attachments or from making any
use of the e-mail or attachments. If you believe you have
received this e-mail in error, notify the sender
immediately and permanently delete the e-mail, any
attachments, and all copies thereof from any drives or
storage media and destroy any printouts of the e-mail or
attachments.
AML BITCOIN TEAM, you will get a lot of negative posts by COINFIRM who is doing an ICO because of the Cease and Desist Order you sent them. I have first hand knowledge of this. Feel free to contact me. There are around 5 of them doing it and I was also asked to do it.
twitdoc.com/99TV
twitdoc.com/99TV
is there any minimal threshold for initial purchase?
Alright, now I've lost all confidence in this project. I just received an email asking my to "Please send an email to [email protected] with an image of your drivers license or government issued photo ID and the email address you used when creating your account."
Is this joke? They want us to send DL or Passport pics via email? Why not send it attached to the back of a postcard, or just Tweet it?
Do a quick google search on sending PII via email, and you'll get hundreds of results warning about how dangerous it is. Anyone with any kind of background in InfoSec, will tell you this is a BIG no-no.
This is a company that we're supposed to entrust with storing our PII, and they can't even provide a safe way to upload it. Sorry, but you've lost any potential trust I may have been willing to extend. This is beyond amateurish and makes the NAC Foundation look like scam artists.
AML Admin, please PM me to arrange a refund ASAP or deal with my lawyers.
Is this joke? They want us to send DL or Passport pics via email? Why not send it attached to the back of a postcard, or just Tweet it?
Do a quick google search on sending PII via email, and you'll get hundreds of results warning about how dangerous it is. Anyone with any kind of background in InfoSec, will tell you this is a BIG no-no.
This is a company that we're supposed to entrust with storing our PII, and they can't even provide a safe way to upload it. Sorry, but you've lost any potential trust I may have been willing to extend. This is beyond amateurish and makes the NAC Foundation look like scam artists.
AML Admin, please PM me to arrange a refund ASAP or deal with my lawyers.
Hi there! I hope there is someone who can help. I deposited some Eth in AML Bitcoin's ICO account, but did not buy any tokens. I would like to withdraw that ETh, as I changed my mind.
Could you please help me with that?
Thanks!
Could you please help me with that?
Thanks!
Hello there! I got a PM to email this issue to an email address provided. It's been far too long and my issue was not resolved even if I mentioned numerous times that is quite pressing. I wouldn't want to think that this is some kind of tactic in order for me to not get my money back.
I am waiting for an official answer.
The concept of AML Bitcoin sounds interesting, but there are a few troubling things that I dont understand:
For starters, when the ICO is over and the coin is launched, how would such a coin be traded, say at Bittrex and other exchanges if all participants, all coin holders has to comply with AML requirements before they can hold the tokens, being traded on, say Bittrex exchange would eliminate the AML for those traders who just goes directly to, for example, bittrex with a BTC, ETH, etc and directly trades it for an AML Bitcoin, then uses the very same AML Bitcoin to buy something online by sending those AML Bitcoins directly from Bittrex wallet exchange to the vendor accepting the AML Bitcoin. On this example transaction there would be no AML data attached on that specific transaction and coins that were sent directly from the Bittrex online wallet to the vendor's wallet.
So, how is that problem solved, they can't possibly think that Bittrex would be performing AML for users who wants to trade AML Bitcoins, Bittrex would just decide not to add this coin than to undergo such a problematic and tedious major design/code change to house the AML Bitcoins on their exchange. Same for Poloniex, Kraken, etc.
So, the path of least resistance would be for all the exchanges simply to not list AML Bitcoin. So, okay all exchanges do not list AML Bitcoins in orders to preserve the purity of the AML requirements within AML Bitcoins, so how exactly would the price appreciate if user's would be able to trade this coin. Maybe an AML compliant exchange is created, possibly called AML Exchange where this coin is finally listed there to be traded with a handful of currency pairs (AML/BTC, AML/ETH, AML/LTC, etc). Now imagine this: AML Bitcoins listed on one exchange with AML requirements set, users have to undergo a series of AML procedures before becoming a member there, that in itself would have fewer members, perhaps not everyone from all countries would be eligible to become a member of said exchange which means that trading volume would be low.
Current ICO price is: $1.00 in light of the projections I have said I really dont see price appreciating by some high factor, in fact the price could go below ICO levels and possibly stay there for a very long time.
For starters, when the ICO is over and the coin is launched, how would such a coin be traded, say at Bittrex and other exchanges if all participants, all coin holders has to comply with AML requirements before they can hold the tokens, being traded on, say Bittrex exchange would eliminate the AML for those traders who just goes directly to, for example, bittrex with a BTC, ETH, etc and directly trades it for an AML Bitcoin, then uses the very same AML Bitcoin to buy something online by sending those AML Bitcoins directly from Bittrex wallet exchange to the vendor accepting the AML Bitcoin. On this example transaction there would be no AML data attached on that specific transaction and coins that were sent directly from the Bittrex online wallet to the vendor's wallet.
So, how is that problem solved, they can't possibly think that Bittrex would be performing AML for users who wants to trade AML Bitcoins, Bittrex would just decide not to add this coin than to undergo such a problematic and tedious major design/code change to house the AML Bitcoins on their exchange. Same for Poloniex, Kraken, etc.
So, the path of least resistance would be for all the exchanges simply to not list AML Bitcoin. So, okay all exchanges do not list AML Bitcoins in orders to preserve the purity of the AML requirements within AML Bitcoins, so how exactly would the price appreciate if user's would be able to trade this coin. Maybe an AML compliant exchange is created, possibly called AML Exchange where this coin is finally listed there to be traded with a handful of currency pairs (AML/BTC, AML/ETH, AML/LTC, etc). Now imagine this: AML Bitcoins listed on one exchange with AML requirements set, users have to undergo a series of AML procedures before becoming a member there, that in itself would have fewer members, perhaps not everyone from all countries would be eligible to become a member of said exchange which means that trading volume would be low.
Current ICO price is: $1.00 in light of the projections I have said I really dont see price appreciating by some high factor, in fact the price could go below ICO levels and possibly stay there for a very long time.
You pose some good questions, especially regarding wallet usage - or lack there of. That said, legally compliant exchanges already impose varying degrees of AML/KYC compliance (especially ones dealing with US customers), limiting the weekly withdrawals based on the level of identification. A number of governments are getting stricter, and will/or do require cross referencing, and tax reporting - which will play well into AML Bitcoin's pre-vetted ecosystem. Also, as the restrictions tighten, VCEs (Virtual Currency Exchanges) that are not compliant/listing non-AML cryptos could be denied banking.
The concept of AML Bitcoin sounds interesting, but there are a few troubling things that I dont understand:
For starters, when the ICO is over and the coin is launched, how would such a coin be traded, say at Bittrex and other exchanges if all participants, all coin holders has to comply with AML requirements before they can hold the tokens, being traded on, say Bittrex exchange would eliminate the AML for those traders who just goes directly to, for example, bittrex with a BTC, ETH, etc and directly trades it for an AML Bitcoin, then uses the very same AML Bitcoin to buy something online by sending those AML Bitcoins directly from Bittrex wallet exchange to the vendor accepting the AML Bitcoin. On this example transaction there would be no AML data attached on that specific transaction and coins that were sent directly from the Bittrex online wallet to the vendor's wallet.
So, how is that problem solved, they can't possibly think that Bittrex would be performing AML for users who wants to trade AML Bitcoins, Bittrex would just decide not to add this coin than to undergo such a problematic and tedious major design/code change to house the AML Bitcoins on their exchange. Same for Poloniex, Kraken, etc.
So, the path of least resistance would be for all the exchanges simply to not list AML Bitcoin. So, okay all exchanges do not list AML Bitcoins in orders to preserve the purity of the AML requirements within AML Bitcoins, so how exactly would the price appreciate if user's would be able to trade this coin. Maybe an AML compliant exchange is created, possibly called AML Exchange where this coin is finally listed there to be traded with a handful of currency pairs (AML/BTC, AML/ETH, AML/LTC, etc). Now imagine this: AML Bitcoins listed on one exchange with AML requirements set, users have to undergo a series of AML procedures before becoming a member there, that in itself would have fewer members, perhaps not everyone from all countries would be eligible to become a member of said exchange which means that trading volume would be low.
Current ICO price is: $1.00 in light of the projections I have said I really dont see price appreciating by some high factor, in fact the price could go below ICO levels and possibly stay there for a very long time.
For starters, when the ICO is over and the coin is launched, how would such a coin be traded, say at Bittrex and other exchanges if all participants, all coin holders has to comply with AML requirements before they can hold the tokens, being traded on, say Bittrex exchange would eliminate the AML for those traders who just goes directly to, for example, bittrex with a BTC, ETH, etc and directly trades it for an AML Bitcoin, then uses the very same AML Bitcoin to buy something online by sending those AML Bitcoins directly from Bittrex wallet exchange to the vendor accepting the AML Bitcoin. On this example transaction there would be no AML data attached on that specific transaction and coins that were sent directly from the Bittrex online wallet to the vendor's wallet.
So, how is that problem solved, they can't possibly think that Bittrex would be performing AML for users who wants to trade AML Bitcoins, Bittrex would just decide not to add this coin than to undergo such a problematic and tedious major design/code change to house the AML Bitcoins on their exchange. Same for Poloniex, Kraken, etc.
So, the path of least resistance would be for all the exchanges simply to not list AML Bitcoin. So, okay all exchanges do not list AML Bitcoins in orders to preserve the purity of the AML requirements within AML Bitcoins, so how exactly would the price appreciate if user's would be able to trade this coin. Maybe an AML compliant exchange is created, possibly called AML Exchange where this coin is finally listed there to be traded with a handful of currency pairs (AML/BTC, AML/ETH, AML/LTC, etc). Now imagine this: AML Bitcoins listed on one exchange with AML requirements set, users have to undergo a series of AML procedures before becoming a member there, that in itself would have fewer members, perhaps not everyone from all countries would be eligible to become a member of said exchange which means that trading volume would be low.
Current ICO price is: $1.00 in light of the projections I have said I really dont see price appreciating by some high factor, in fact the price could go below ICO levels and possibly stay there for a very long time.
What's the difference between you and KYC.legal?
KYC.legal is building a KYC verification platform. AML Bitcoin is an AML certified cryptocurrency, so very different in nature. I'm a little apprehensive of KYC.legal's business model. It requires a person coming to meet you (in person), which could a) lead to fraud/theft/potential attacks (as people let strangers into their offices/homes), and b) requires a global network of verifiers. There's also no mention of cross-referencing against international databases on their site.
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