Our mission is to bring back the initial concept and idea behind Bitcoin before it became a vehicle for financial speculation and criminal activity, rather than an efficient means of facilitating trade.
We intend to bridge the gap between FIAT currency (£,$,€) and Bitcoin, making Manncoin more accessible, inclusive, accountable and usable for the masses. We have taken the best features from both and removed the limitations that have plagued both forms of currency.
Cash is un-traceable and lacks transparency whilst Bitcoin has a lack of regulatory oversight enabling misuse and has little adoption and usage as a mainstream payment method.
On a local level we want to create real financial freedom for the Manx community by offering virtually free & frictionless transactions through this digital medium. This enables independence from governments and the entire financial system, who have increased their control and restrictions on the population.
Manncoin has had many other factors to consider in its development that Bitcoin didn’t, such meeting current financial regulatory requirements, GDPR & Data Protection, discouraging criminal use, providing protection from 51% attacks*, avoiding pump-and-dump schemes*, whilst at the same time ensuring that Manncoin has a real chance of sustainability and building an alternative and successful financial system where people and businesses create real value together.
To meet these requirements, we have implemented a Know Your Customer (KYC) procedure on every single Manncoin Wallet for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) to discourage criminal use. As Manncoin is a community digital currency, our KYC also ensures all users are from or based in the Isle of Man, to help support the local economy.
Manncoin is a digital currency just like the Manx people; independent, honest, hardworking, resilient and without compromise.
Let’s make change happen for real!
*Explained in our FAQ