Ubcoin Manifesto: Right to Wealth. Right to Anonymity. Right to Protection
Cryptocurrency holders and those who want to become crypto investors face ubiquitous limitations imposed by the state and financial institutions. Such impositions include stricter crypto investment regulations, ICO bans, and obligatory disclosure of personal data of crypto market investors. Furthermore, he failure of many other platforms highlights the importance in ensuring the protection of users’ assets.
We believe that such actions on the part of certain (not all) regulatory agencies, banks and other institutions make crypto market less autonomous and infringe on the three basic rights of citizens in the modern digital economy. Specifically, the right to wealth, the right to anonymity and the right to protection.
We know and we believe that it is possible to build a crypto world based on equal rights. A crypto world that does not allow money laundering or illicit trade, observes the principles of morality and justice, ensures protection from scams and fakes but is concurrently decentralized, free, uses common sense and is self-regulated.
1. Right to Wealth. No one is allowed to prevent a person from becoming a crypto investor and managing their assets in order to achieve financial success. Banks block crypto currency accounts ‘for establishing the provenance of funds’, crypto exchanges introduce minimum thresholds, states either ban cryptocurrencies or try to control them by imposing various regulations and taxes. Such limitations must be removed.
2. Right to Anonymity. No one is allowed to deprive a person of the right to confidentiality of their personal data. States and banks ban user anonymity and require people to register all transactions and disclose user information. Such bans must be lifted.
3. Right to Protection. A person joining the crypto community has the right to count on the protection of their assets and transactions. In practice, crypto market investors face unsophisticated safety systems in crypto exchanges, ICO and P2P platforms along with the absence of rules regulating these marketplaces, which makes users’ assets easy prey for fraud schemes and hacker attacks. This situation must change.
It is within our power to ensure that these rights are observed. Join Ubcoin — together we will make the crypto world better.
