Unicoin's Big Move: From Shareholder Vote to Crypto Exchange Listing

Unicoin, a cryptocurrency founded by Alex Konanykhin and Silvina Moschini, is making waves in the crypto world. After a big vote on December 5, shareholders gave the green light to a major change. They agreed to turn Unicoin into a decentralized, community-run asset. This move is a smart strategy to avoid being labeled a "security" under new rules set by the SEC's Chairman Paul Atkins. So, what does this mean? Well, under the new guidelines, a cryptocurrency is only considered a security if the creators promise to manage it actively. By handing over the reins to the Unicoin Foundation, the company skips this label. This is a big deal because it means Unicoin can now be traded on major crypto exchanges worldwide, not just on small platforms for crypto securities. Alex Konanykhin, the CEO, shared his thoughts on this. He said that the timing of the new SEC guidelines was lucky. If they had stuck with their old plan, Unicoin would have been classified as a security. That would have made it harder to trade and less liquid. But by following the new rules, they avoided this problem and set Unicoin up for success on big exchanges. Sakineh Majd, a policy consultant for Unicoin, also weighed in. She pointed out that the new rules are a big improvement. The previous stance was that all cryptocurrencies were securities. But now, the focus is on specific promises of management. This change gives Unicoin a clear path to avoid being classified as a security.With the shareholder approval in hand, Unicoin is now ready to list on several major crypto exchanges. This is a big step forward for the company and its shareholders. Unicoin is not just any cryptocurrency. It's the first audited and publicly reporting crypto company in the U. S. The goal is to create an institutional-grade cryptocurrency that's made in the USA, scalable, and energy-efficient. Unicoin sets a high standard for transparency, providing near-daily reports to shareholders about its strategies, achievements, risks, and challenges. In terms of fundraising, Unicoin has outperformed other cryptocurrencies. It reached an $18B valuation in its pre-public fundraising rounds. Unicoin is also the official cryptocurrency of Unicorn Hunters, a popular business series. But it hasn't been all smooth sailing. Unicoin became a target of the SEC's "War on Crypto" after announcing plans to go public on the New York Stock Exchange. CEO Alex Konanykhin detailed this fight in his book, "Unicoin: War on Crypto and the Future of Money. " The SEC's actions against Unicoin are also the subject of a mockumentary called "A Trillion-Dollar Hit Job, " which is currently in post-production.