True, but coinwatt uses its own blockchain. Blockchain judged by the International Patent Institute on 23/04/2022 (PROTOCOL PCT/SK2021/050013) worthy in specific applications to be protected by an industrial patent, the fees for which have already been paid. We consider this to be a unique guarantee of its seriousness and validity.
We believe so much in the importance of an audit that we have entrusted the accounting of entries and the correct verification of tax compliance to a certified and registered Tax Advisor in the Slovak Republic. This will be followed from the financial year 2023 by an external Audit entrusted to a leading auditing company.
Because the Slovak Republic is one of the few EU countries that has regulated the activity in crypto also anticipating the Mica of 30/06/2022 in the text passed by the European Parliament and the European Council. We operate under two specific licences and are obliged as a regulated company to comply with the 5th and 6th anti-money laundering directives for the protection of our members. Furthermore, our bank accounts are in 3 Slovak institutions (UniCredit, CSOB and Privat Banka) and not in foreign accounts or accounts in other offshore jurisdictions. We offer the possibility of depositing large sums of money with a notary’s office in Bratislava, which has verified us, and we offer remote collections on the sumup platform, which is one of the European leaders for debit or credit card credit. Finally, we only accept payments in stablecoins on the coinbase platform, which is regulated by the US authorities.
Because at any time every transaction can be verified by the Financial Police, the National Bank and the Tax Office. For the benefit and protection of members.
It means being properly identified, not being ‘front men’ of third-party beneficiaries, not being criminals, terrorists or sanctioned, not being politically exposed unless you can prove the origin of the sums used. It means having passed absolute transparency checks.
All members of the deliberating body must have a criminal record free of any conviction. In addition, the Board of Directors is audited by a Board of Auditors, whose names are also visible in the official company documents and can be consulted on our website. The legal representative must be resident in Slovakia.
The list of partners was properly registered with the Slovak Montetitoli, as per international regulations. The final economic beneficiaries have also been registered with the Ministry of Justice of the Slovak Republic.
Because we only want to convert our future CWA currency into EUR and vice versa, protecting all adherents from short sales, options premiums and derivatives, orders without full coverage of the sum, because by centralising we can guarantee maximum transparency, with a public order book visible to everyone. We are not interested in anything other than protecting ourselves and those who adhere to our project!
Because centralising also means being aware of one’s actions and not hiding behind cosmetic justifications if something will not be carried out in accordance with our quality standards. will be carried out in accordance with our quality standards.
Decentralising, democratising and guaranteeing are not absolute synonyms, nor are they complementary elements to ensure the credibility of a project. The history of the biggest financial scams teaches us that companies with widespread capital with seemingly perfect audit and control structures have in reality not prevented unscrupulous managers from misusing customer/current funds. Coinwatt has planned from 2023 onwards for the community members to choose a representative to sit on the board of directors.
Help
Support
Contact
Social Media
