Topic: [ANN]Aten Black Gold Coin-Aten Coin-1st AML Cryptocurrency-Launched on 21/9/2015 (Read 19624 times)

it  looks like a great project, let's hope that it will be successful and the team gives me confidence in that department,good luck  Grin

I like this project. Everything is designed quite well. A great project and careful planning. I hope the team will work hard and maximize the promotion, to be accepted by investors.

It looks interesting, time will tell...

In the news: https://www.forbes.com/sites/chrisversace/2017/09/27/building-a-better-bitcoin/#258bd1eb1eb1

Looks something interesting in this project after full reading....

We have opened a new ANN. Please follow us here: https://bitcointalksearch.org/topic/ann-aml-bitcoin-token-sale-is-now-live-2056317

This is mostly for rebranding and redesign purpose while keeping historic posts. Atencoin is now named AMLBitcoin.

time will tell every story and will make every picture clear...

Is there anything new going on with this token? No updates for awhile.

National Aten Coin Foundation's press release of the AML Technology of Aten Coin



For details, please visit the following URL
http://www.prnewswire.com/news-releases/nac-foundation-announces-proprietary-core-technology-of-aten-black-gold-coin-300160276.html

Polish Finance Ministry: EU Should Create Bitcoin Regulation

Polish Members of Parliament said " "piracy, cybercrime, phishing, thefts and hacking online accounts and attacks on the users of cryptocurrencies are increasingly often taking place".

Read this article from CoinDesk for details.
http://www.coindesk.com/polish-finance-ministry-eu-should-create-bitcoin-regulation/

If you worry about these problems, Aten Coin is your choice. Only Aten Coin is designed to alleviate these.

We are pleased to announce that Aten Coin is now available for purchasing at www.AtenPay.com.

Anyone can also register to be an Aten Coin user at www.AtenWallet.com.

The First Aten Coin Conference will be held in Warsaw, Poland on 28 Oct 2015.

For details, you can visit http://www.AtenCoinConference.com/.

AML Technology of Aten Coin - Privately Regulated Public Blockchain

As Aten Black Gold Coin (or called Aten Coin) has been officially launched on 21 Sept 2015, it is the right time for National Aten Coin Foundation (NAC) to disclose the core technology of Aten Coin for achieving anti-money laundering, anti-terrorism and thief resistance.

Aten Coin – Born for AML, Anti-Terrorism and Thief-Resistance
In review of the limitations discussed above, in 2013, a group of programmers and entrepreneurs led by Marcus Andrade formed the National Aten Coin Foundation (NAC) with an aim to create a cryptocurrency named Aten Black Gold Coin (also called as Aten Coin), which is based on the Bitcoin protocol, but with additional features to achieve AML, anti-terrorism and thief-resistance. Aten is the ancient Egyptian God depicted as the solar disk emitting rays terminating in human hands. NAC named their new cryptocurrency after Aten because Aten Coin is designed to be a transparent cryptocurrency that cannot be used by the dark markets. NAC's mission on KYC/AML compliance was first reported in their Press Release in Sept 2014. After two years of efforts, NAC is now a service member of the American Bank Association (ABA), and Aten Coin is compliant with the following agencies: Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Anti-Fraud and Financial Crimes (AFF), Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), USA PATRIOT Act and the FACT Act. Aten Coin has been officially launched in September 2015, and now can be purchased at AtenPay.com. To the best of our knowledge, Aten Coin is the first cryptocurrency that can meet the KYC/AML compliance.

Privately Regulated Public Blockchain Technology of Aten Coin– The 4th Type of Blockchain
The blockchain of Bitcoin is considered to be a “Public Blockchain”. Any one in the world can read, modify and verify it. No one can own and control the blockchain. Any one can freely create bitcoin addresses and freely use their addresses to receive and send bitcoins. Recently there have been a lot of discussions about how to modify and make use of the Bitcoin’s blockchain technology. For example, The Bank of England has said that central banks are looking at ways to implement "hybrid systems" involving distributed ledger technology of the type currently used to record bitcoin transactions. Besides “Public Blockchain”, the concepts of “Private Blockchain” and “Consortium Blockchain” have appeared. In such concepts, the blockchains will be solely controlled by either a private entity or a group of private entities. However, such concepts totally opposite the concept of decentralized banking. To tackle with the issues of criminal uses and terrorist financing, NAC has invented a method (EU patent pending and U.S. copyright protected) that allows people to trace and track identities senders and receivers of a cryptocurrency when necessary. This invention involves a “privately-regulated public blockchain”, which is a novel concept and can be considered as the 4th type of the blockchain technology. Any one in the world can read the Aten Coin blockchain and participate in transaction verification and Aten Coin mining. Aten Coin is only regulated when it comes to KYC/AML compliance and anti-terrorist compliance. The major advantage of NAC’s novel blockchain technology is that the key decentralized banking concept of Bitcoin is being maintained, while Aten Coin can overcome the major shortcomings of the Bitcoin protocol.

Identity-linked Credential Authentication Protocol
One the basis of a privately-regulated public blockchain, NAC has built a personal identity-linked credential authentication protocol into the source code of Aten Coin. The protocol involves an integration of three major processes, including

(i) personal identity verification,
(ii) credential authentication, and
(iii) a two-party signature scheme.

A regulation system is introduced at the blockchain level in the way that

(1)  All Aten Coin addresses must be multisignature addresses comprising of a pair of public key and private key from NAC and at least one pair of public key and private key from an Aten Coin user;
(2)  All Aten Coin addresses can only be created by people whom have got an authorization from NAC; and  
(3)  Without NAC’s authorization, no one can use any Aten Coin addresses to send any atencoins that are recorded (stored) at the Aten Coin addresses.

In order to obtain authorization from NAC, all Aten Coin Users must register as an Aten Coin User in the NAC’s systems, and in the process of registration all potential Aten Coin Users must provide valid document to disclose their legal identities. Once an Aten Coin User has successfully registered in the NAC’s system, he/she will be given an Aten ID, and will be allowed to create their private Aten Credentials, which will be subsequently approved by NAC’s system to be used as valid credentials to obtain NAC’s authorization for generating Aten Coin addresses as well as for making Aten Coin transactions. All the authentication process steps are working at the network level, and the passwords of Aten Credentials are only known by the Aten Coin users who created them and encrypted in the NAC’s system. No one from NAC can know passwords of those Aten Credentials. The authentication protocol is built inside the source code of Aten Coin. In other words, no one can by-pass NAC’s authentication system.

Real Identities of Aten Coin Senders and Receivers are Traceable While Maintaining Privacy of Aten Coin Users
In the typical transaction process, NAC’s authentication system will automatically provide authorization to any request for address generation or transaction creation as well as signing a transaction upon the receipt of a valid Aten Credential. Therefore, most of the time Aten Coin will function in the way similar to Bitcoin, except that by design Aten Coin transactions are faster, cheaper and more secure. All transaction data are available in the Aten Coin’s blockchain, which is open to the public. Public will not be able to know the identities of Aten Coin senders and receivers as in the case of Bitcoin. However, real identities of the senders and receivers are kept in NAC’s system with protection. Using Aten Credentials and Aten IDs, NAC can trace the legal identities of any senders and receivers when necessary. This allows NAC to reveal identities of senders and receivers associated with any transactions which are suspected to associate with any money laundering, hacking or illegal activities, while maintaining privacy of Aten Coin users. As senders and receivers of all transactions can be revealed, any thieves or hackers who steal the atencoins can be easily traced and tracked by retrieving personal identity(s) of the receiver(s) from the client information database. Moreover, the credential authentication mechanism behind Aten Coin allows a user to change the credential to stop atencoins being transferred out from a stolen wallet. As a result, NAC’s invention can prevent atencoins from being stolen.

All Aten Coin Transactions Being Monitored and Regulated by NAC
Furthermore, Aten Coin’s core technology allows NAC to monitor every single transaction and identify those suspected for involvement in illegal activities, such as money laundering and terrorist financing through analyzing individual Aten Coin users’ transaction records. It is NAC’s obligation to report any suspicious transactions and identities of their associated senders and receivers to the relevant government agencies for further action. It hence provides a practical solution for the current KYC/AML incompliance issues of Bitcoin and various alternative currencies. As all transaction creations are being regulated by NAC and cannot be created without NAC’s authorization, NAC can also restrict Aten Coin transaction to be created in authorized countries. In such way, NAC can proactively avoid Aten Coin being used into regions prohibited by United States of America or United Nations Sanctions by monitoring the locations of senders. This should help minimizing the chance of using Aten Coin in financing terrorist activities.

About National Aten Coin and the Aten “Black Gold” Coin
Headquartered in Las Vegas, Nevada, National Aten Coin (NAC) is the creator of the Aten “Black Gold” Coin, a cryptocurrency (a form of electronic money) and its global payment transaction network. The official website of Aten Coin is AtenCoin.com. While maintaining privacy of customers, the NAC utilizes proprietary techniques to verify ownership of coin holders, secure and monitor transactions, trace and track identities of senders and receivers, keep recordkeeping efforts transparent, protect coins from stealing. The Aten “Black Gold” Coin is compliant with the: Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Anti-Fraud and Financial Crimes (AFF), Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), USA PATRIOT Act and the FACT Act. NAC has copyrights of the privately regulated public blockchain technology and the personal identity-linked credential authentication protocol to Aten Coin; the rights were confirmed with filing source code for atencoin with US Copyright Office on July 6th, 2015. Under United States copyright law, NAC Foundation’s copyrights have been in effect since the date that NAC Foundation copyrighted source code was created. Moreover, NAC Foundation, Inc. has filed for the patent with European Patent Office in February 2015.

About AtenPay.com
AtenPay.com is the easily comprehensible Aten "Black Gold" Coin-processing gateway. It is a one-stop-shop for people and businesses to acquire or receive Aten Coins. Businesses can easily accept Aten Coin payments by using AtenPay's services. NAC Foundation provides straightforward set up instructions and effortless integration tools.

RELATED LINKS
www.AtenCoin.com
www.AtenPay.com
www.AtenWallet.com

Check out this video to understand more about Aten Coin!

https://www.youtube.com/watch?v=5lE0hMRi2LU

An illustration on how Aten Black Gold Coin and the Banking Industry are related to each other.

AtenPay, SA and ANX Pro Jointly Launch The Aten Coin Exchange

Individual and merchant accounts are now available for NAC Foundation's Aten "Black Gold" Coin. The 100% compliant cyber currency is quickly revolutionizing the digital exchange market. Individuals wishing to purchase and sell coins simply need to visit AtenPay.com select "Individual User" and then register for a free account. Individual accounts are available from AtenPay through collaboration with the most distinguished online trading platform in the world, ANXPro.com. Merchants wishing to start accepting Aten Coins begin the free account sign up process at AtenPay.com by clicking on the "Merchant Account" tab.

http://www.reuters.com/article/2015/09/21/nac-aten-coin-launch-idUSnPn1NcKvY+95+PRN20150921

The Banking Industry & the Aten "Black Gold" Coin:
https://www.youtube.com/watch?v=zwNIfA73ZoM

Press Release on 3 July 2015
Pioneering Aten ”Black Gold” Coin to Offer New Patented Digital Wallets

Towards the middle of August 2015, the National Aten Coin’s groundbreaking new cryptocurrency, the Aten “Black Gold” Coin and its patented pending digital wallets will be available. Collaboration agreements with governmental entities in the European Union has resulted in NAC adding in additional features to the Aten “Black Gold” Coin to fulfill their requirements. All newly required features, as well as beta testing will be completed prior to the new launch date.

The Aten “Black Gold" Coin can be purchased through collaboration between AtenPay, SA and ANXPro, one of the globe’s most revered online trading platforms. The Aten “Black Gold” Coin will be available in all fiat currencies including, USD, EUR, GBP, etc. NAC clients will have exclusive access to ANXPRO’s simple and user friendly UI, consolidated shared order book for blended multi-currency settlement, real time FX pricing, deposit options, and risk management and trading tools.

NAC’s new digital wallets are patented (pending) in the EU and copyright (pending) in US. The digital wallet will make the transfer and storing of the Aten “Black Gold” Coin even more secure and convenient for clients, who can access their accounts on a desktop computer and very soon via smartphones and tablets. NAC will be able to quickly verify the wallet and its user through a pseudonymous system. All transactions are monitored through an extremely stringent authentication protocol.

For details, you could visiting the following Reuters article
http://www.reuters.com/article/2015/07/03/nv-national-aten-coin-idUSnBw035323a+100+BSW20150703

1) We have delayed the official launching because we are modifying some features to fulfill request from a government entity.
Here is our press released for the delay:
http://www.businesswire.com/news/home/20150703005323/en/Pioneering-Aten-%E2%80%9DBlack-Gold%E2%80%9D-Coin-Offer-Patented#.VbCIqvmqpBc

2) As we have not yet launched our Aten Coin, the agreement you saw in the registration site is just a draft (just a test page). Indeed we will have much more detailed agreement at the time of launching.

3) The niche of Aten Coin is that it is anti-money laundering (AML). In order to make a coin being AML, it is important to obtain and maintain proper records of users' personal information and coin transactions, and have a proper monitoring of all transactions.  Then we need to find a place to store all these important information securely. We could not see any problem on this. However, we have to let Aten Coin users know the facts.

4) We will try our best to protect privacy of individual Aten Coin users. For a honest user, Aten Coin will function just like Bitcoin, but with improved technology and being AML and theft-resistant.

5) We will continuously monitor all Aten Coin transactions to identify suspicious transactions. For those suspicious transaction, we will report sender's and receiver's information and the transaction records to related government regulatory entities for their follow-ups.

5) As NAC Foundation, creator of Aten Coin, is a US company, it is logical that all important data associated with Aten Coin users will be stored in U.S.  

6) Are you a iPhone/iPad/Mac user? Do you have any google email account or any Android-based devices? Let's think about the Apple's or the Google's business. Where are your personal information and Internet traffic data associated with these two companies being stored?

7) If you don't want your personal information and transaction records being monitored by any people, you may consider not to open any account in any banks. You could keep the cash in the safe at your home.

Aten Coin is designed for people who care about the honesty, safety and value stability of a cryptocurrency. Of course, you have the freedom to use Bitcoin, Darkcoin or any others.