FAQ

The KYC abbreviation means know-your-customer. OneCoin uses KYC protocols in order to prevent misconduct, money laundering, identity theft, financial fraud and terrorist financing.
By requesting documentation that proves the identity of each user, OneCoin makes sure that each transfer made using the protocol is not anonymous. OneCoin is the first cryptocurrency storing the KYC documents of members in its blockchain.

The KYC policy adopted by OneCoin includes identifying the user and verifying the identity by examining reliable and independent documents. The KYC information requested includes name, residential address and date of birth/country. Each user must go through a verification procedure every time his or her identity information is changed.

OneCoin is the first company to audit its blockchain. Because the blockchain is private and the source code is not publicly available, the company has its blockchain audited by independent auditor. Please find more information about the OneCoin blockchain audit here: https://www.onecoin.eu/en/compliance