Pursuant to expert legal advice Qoin is fully compliant with Australian financial services laws and is not a fraudulent business or scheme.
Qoin has welcomed more than 38,000 validated merchants and 80,000 wallet holders into the utility coin ecosystem.
The vision has always been to be the world’s most prosperous trading community and our mission is to make Qoin the most widely accepted digital currency.
Supporting small business is the cornerstone of Qoin. The Qoin model stands apart from other digital currencies in that the purchasing power of Qoin becomes more powerful as the merchant ecosystem grows.
The more businesses that join the Qoin community, the more everyone benefits, providing a vital boost to local economies. Qoin aims to help business owners use their spare capacity to maximise their earnings potential.
With the world on ‘the starting blocks of another fundamental transformation of the finance industry’ Australia is poised to lead the way thanks to digital assets like Qoin, industry experts say.
The sentiment comes off the back of an exciting projection that suggests the volume for tokenised assets will grow from zero to AU$32 trillion by 2027.
This ‘tokenisation’ wave, as it’s being called, is positive news for the 38,000-plus Qoin merchants across Australia and New Zealand, especially as the core purpose of the Qoin project is the tokenisation of the spare capacity in each business in the community, which is then traded in Qoin.
This latest forecast, combined with the ongoing developments in digital technology and the assertion of Blockchain as a mainstream infrastructure for many Australian businesses has culminated in the formation of Australia’s Digital Finance Co-operative Research Centre (CRC).
The body, that was set up by the Federal Government, the Reserve Bank of Australia, leading companies, and universities, brings together a unique group of stakeholders in fintech, industry, research, and regulation to develop and commercially utilise the opportunities arising from financial market transformation.
“By seeding the new Digital Finance CRC with $181 million this week, Australian policymakers and regulators showed they realise they need to prepare to ride the tokenisation wave set to wash over financial markets,” Australian Financial Review reported.
“Blockchain and other [distributed ledger technologies] are set to become a fixture in financial markets in the years ahead and may eventually lead to structural changes to market processes or even the market itself,” said Greg Medcraft, the OECD’s Directorate for Financial and Enterprise Affairs in the introduction to this year’s Regulatory Approaches to the Tokenisation of Assets paper.
The former ASIC chairman has been working deeply in blockchain policy for several years.
Successful businesses are all about connecting with consumers. Qoin opens new doors for buyers and sellers alike to move spare capacity with a digital currency that has the potential to grow, lifting the revenue potential for everyone in the community.