April 22, 2016 MLM & Affiliate Marketing News
Posted: 21 Apr 2016 05:36 PM PDT
The only monetary system permissible in Colombia is the peso (notes and coins), so other mechanisms, as in this case “Onecoin”, are not a means payment of legal tender with unlimited liberatory power. Consequently, the “Onecoin” is not an asset that has legal equivalence to the legal currency in Colombia not having been recognized as currency within the country. Neither is OneCoin an asset that can be considered a currency, according to the criteria of the International Monetary Fund, since it neither has the support of the central banks of other countries and therefore has no financial power.
The only monetary system permissible in Colombia is the peso (notes and coins), so other mechanisms, as in this case “Onecoin”, are not a means payment of legal tender with unlimited liberatory power.
Consequently, the “Onecoin” is not an asset that has legal equivalence to the legal currency in Colombia not having been recognized as currency within the country.
Neither is OneCoin an asset that can be considered a currency, according to the criteria of the International Monetary Fund, since it neither has the support of the central banks of other countries and therefore has no financial power.
Read the full article and join in the discussion over at BehindMLM.
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