Hello WhiteCoiners!
Today marks a very important milestone in the history of our community. After hundreds of hours of research, phone meetings, community debate, and legal consultations, we are pleased to announce that we have submitted a formal request to reserve the name "The WhiteCoin Foundation" to the Government of Nova Scotia, Canada. This is the first and most important official step in our registration.
Many have asked what the benefit of registration is, and the answer is simple: legitimacy.
To the media -and most importantly the public- we are no longer simply a virtual group of enthusiasts. We've set ourselves apart from the many coins run by groups accountable to no one. The financial markets of the world have been watching and waiting for a group to come forward who is willing to engage with them on terms they can understand. WhiteCoin now stands apart as one of the few actively seeking users outside of crypto spheres on a grand scale.
The Media is desperate for qualified commentators who can speak on the record about our industry, and now WhiteCoin can provide this for them. For example, yesterday the Canadian Government passed legislation that directly impacts us, and they did this without engaging with our industry at all. That is completely unacceptable. But our community must also provide credible avenues for governments to engage with us. WhiteCoin has now solidified itself as one of the few who can.
As a Foundation, we'll be required to:
As a Foundation, we'll be able to easily:
Our industry has taken a stance against unneeded government interference. But this stance can only hold if we can successfully engage with the people who wield power over financial & internet regulations. Considering our community's known willingness to work with others, it's only a matter of time until The WhiteCoin Foudnation is looked to as not just a representative of WhiteCoin, but our entire industry.
Best Regards,
Chris Salsman
Acting President
The WhiteCoin Foundation
Today marks a very important milestone in the history of our community. After hundreds of hours of research, phone meetings, community debate, and legal consultations, we are pleased to announce that we have submitted a formal request to reserve the name "The WhiteCoin Foundation" to the Government of Nova Scotia, Canada. This is the first and most important official step in our registration.
Many have asked what the benefit of registration is, and the answer is simple: legitimacy.
To the media -and most importantly the public- we are no longer simply a virtual group of enthusiasts. We've set ourselves apart from the many coins run by groups accountable to no one. The financial markets of the world have been watching and waiting for a group to come forward who is willing to engage with them on terms they can understand. WhiteCoin now stands apart as one of the few actively seeking users outside of crypto spheres on a grand scale.
The Media is desperate for qualified commentators who can speak on the record about our industry, and now WhiteCoin can provide this for them. For example, yesterday the Canadian Government passed legislation that directly impacts us, and they did this without engaging with our industry at all. That is completely unacceptable. But our community must also provide credible avenues for governments to engage with us. WhiteCoin has now solidified itself as one of the few who can.
As a Foundation, we'll be required to:
- Hold an Annual General Meeting (that's right, an annual WhiteCoin crypto conference!)
- Be accountable to our membership via an official set of internal bylaws
- Demonstrate access to $50,000 CDN in yearly funding or assets within 90 days
As a Foundation, we'll be able to easily:
- Form regional chapters
- Engage with our members via a process they can understand and that does not slow operations
- Engage with the media
- Engage with governments
- Engage with businesses
- Engage with fiat investors who are new to crypto
Our industry has taken a stance against unneeded government interference. But this stance can only hold if we can successfully engage with the people who wield power over financial & internet regulations. Considering our community's known willingness to work with others, it's only a matter of time until The WhiteCoin Foudnation is looked to as not just a representative of WhiteCoin, but our entire industry.
Best Regards,
Chris Salsman
Acting President
The WhiteCoin Foundation
AWESOME NEWS. THANKS. WE GONNA VERY STRONG COMMUNITY.
