JD Coin | Getting Started With JD Coin

Why Us ?

We at JD Coin are different. By different, we mean literally. Our philosophy is enshrined in believing that ‘Small is Good’.

Small is good, even in the world of cryptocurrency. When you see the new & upcoming ICOs all announcing large number of coins in exchange for 1 ETH or 1 BTC, you think… wow a good deal, right? Actually not. All they are doing is to somehow sell these coins to you and disappear.

One gets ecstatic, when one gets 10,000 coins for 1 ETH with a circulating supply of 10 Billion coins. One starts dreaming that you will be Millionaire, if you invest 4 ETH and if this coin hits $10. But unfortunately with such a large supply you would be holding these coins maybe till your retirement or even longer and waiting for its appreciation.

We, at JD Coin are about to change this notion. We are just bringing in 84 million coins. All the currencies having less tokens in circulation have appreciated so quickly in price, or as they say in crypto world, gone to the moon. We want to support the JD Community. To be exclusive. To give the power in your hands.

Our suggestion is to look for the circulating supply when you invest in any cryptocurrency. The more diminutive the circulating supply of coins is, the more bigger it is going to look in your wallet in a few months.

The JD Difference

Transparency: We are one of the only company in the crypto world with all the information available on our website. Be it our contact information, our Board of Directors, or documents pertaining to legal and other information about the company.

Credibility: We are one of the only firm to comply with FinCEN (United States Department of Treasury) norms during our initial launch phase. Also, we abide by all the legal norms set out by government organisations and agencies.

Genuineness: We are working for our investors. Our plan of action is aimed at ensuring our investors get the maximum return out of their investment.

Security: We have a sound Anti-Money Laundering (AML) Program in place to ensure all your transactions are secured. Also, we are registered with Secretary of State, Idaho under the Corporation Act.

Whitepaper

To understand how JD Coins work, download our Whitepaper by clicking the tab below

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IRS

(Internal Revenue Service, USA) Guidelines on Cryptocurrencies

Cryptocurrency, or virtual currency, is now a significant player in the investment marketplace, and, as a result, many challenging legal and regulatory questions have been raised across the globe. While cryptocurrency and its utilized technologies could radically change business processes, its inherently decentralized nature could serve as a vehicle for sinister activity and a challenge to those charged with compliance with the law.

In Notice 2014-21, the IRS issued preliminary guidance on applying general tax principles to cryptocurrency, specifically, virtual currencies that have an equivalent value in real currency, or that act as a substitute for real currency. The IRS treats cryptocurrency as property. As a result, cryptocurrency can be characterized as investment property, business property, or personal property.

For taxpayers who have unreported income from cryptocurrencies, the civil penalties for failure to comply. For more information on IRS guidelines on Cryptocurrencies, for more Information

https://www.irs.gov/pub/irs-drop/n-14-21.pdf

Why Fincen

(Financial Crimes Enforcement Network) registration is important?

FinCEN’s role in the trust-based financial system is to ensure people and companies who move money around are not doing it to help terrorists and other criminals. As part of the US Department of the Treasury, FinCEN’s role is to combat the misuse of America’s financial system and to be the government’s clearinghouse for financial intelligence.

Crypto exchanges fall under a category of company called a money services business (MSB). The definition of a money service business is any individual or organization that falls into any of these categories: Currency dealer or exchanger, Check casher, Issuer of traveler’s checks, money orders or stored value, Seller or redeemer of traveler’s checks, money orders or stored value, Money transmitter and U.S. Postal Service.

Whether you’re a global crypto exchange operating from Malta or a Boston-based seller in a peer-to-peer marketplace, doing business with Americans makes you an MSB. The only exemption is for banks, securities exchanges and commodity exchanges which register with other US agencies. Being an MSB comes with a number of obligations that you must meet to comply with FinCEN’s rules.

Therefore it becomes very crucial to register with FinCEN as an MSB. We can check if the MSB is registered with FinCEN by simply searching for MSB at
https://www.fincen.gov/msb-registrant-search

Click the button below to download our details of our registration with FinCEN.

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Anti Money Laundering Program

JD Coin is registered as a money services business under the Corporate Act with Secretary of State, Idaho along with EIN (Employer Identification Number) from Internal Revenue Service, Government of United States. We are one of the few crypto companies registered with the FinCEN (Financial Crimes Enforcement Network and United States Department of Treasury.

An anti-money laundering (AML) program is a set of procedures designed to guard against someone using the firm to facilitate money laundering or terrorist financing. Our AML program is developed in accordance with latest guidelines by FINRA and FinCEN, US Department of Treasury.

Our AML Program aims at protecting the integrity of the international financial system as well as making it more difficult and costly to profit from criminal activities.

The program protects the integrity of customers as well as the firm’s financial structure.

We have a specially trained AML Compliance Personnel to ensure the system is followed effectively and efficiently.

Our Customer Identification Program and Due Diligence procedures makes sure identities are verified of each customer before they are allowed to carry out transactions.

Periodic record keeping, monitoring of accounts with suspicious activity and reporting ensures safety and security of our customers and clients.

Regular training session ensures that the staff is updated on new policies and procedures and ability to deal with any adverse situation.

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