Question: Is Karatbars Legal?

What is KBC coin worth?

Karatgold Coin PriceKaratgold Coin Price$0.00296533Trading Volume$52,469Volume / Market Cap0.003324h Low / 24h High$0.00293233 / $0.003168947d Low / 7d High$0.00292363 / $0.003159517 more rows.

What happened with Karatbars?

In 2016, Karatbars was convicted in a court trial by the AMF and the company and 2 promoters were fined. The Dutch financial authority, AFM, also issued a warning to the public about Karatbars. Finally, the Bank of Namibia labeled Karatbars a pyramid scheme (illegal in Namibia) in 2019.

What is Karatbars cash gold?

The company specializes in the sale of small gold bars and gift items in gold bullion. Currently, more than 500,000 customers from more than 120 countries have already bought gold bars from Karatbars GmbH in Stuttgart, Germany. The total investment of these customers amounts to nearly 120 million euro.

What is KBC coin?

THE KARATGOLD COIN (KBC) is a blockchain-based cryptocurrency specifically designed to be used as a generally accepted electronic payment means for all who consider gold as a traditional, true, secure and value-stable medium.

What is Karatbars International Gmbh?

Karatbars International was founded in 2011. The company is specialized in the sale of small gold bars and gift items in gold bullion. … Karatbars offers the attractive and affordable option for consumers to purchase 999.9 pure gold bullion, as well as gold merchandising, collector’s items and gift cards.

Is Karatbars a legitimate company?

Karatbars sells a genuine and legitimate product. They are registered under the WTO (World Trade Organization). Also, they have strictly followed the rules and regulations the gold industry demands, till now! And hence, it is definitely an opportunity but there are far better opportunities out there.

Can you make money with Karatbars?

How to Make money with Karatbars – the Compensation Plan. Karatbars offers affiliates two distinct pay plans. … An additional Dual System team pay plan is also available to affiliates that make a one-time purchase of one of the Karatbars packages on offer (Bronze, Silver, Gold, or VIP level packages).

Is Karatbars a pyramid scheme?

The Bank of Namibia officially declared it a pyramid scheme while in Germany – the home of Karatbars – the banking watchdog issued a cease-and-desist order against it. Karatbars is under investigation in the US and several reputable cryptocurrency news sites have issued warnings about it to the public.

Is Karatbars banned in Canada?

The court ordered the operation and promotion Karatbars International prohibited in Canada, as per the Financial Market Authority Act and Securities Act. … The administrative fines were issued for promotion of the Karatbars pyramid scheme, in violation of the Canadian Securities Act.

Is KBC coin a good investment?

If you are looking for virtual currencies with good return, KBC can be a bad, high-risk 1-year investment option. Karatgold Coin price equal to 0.00287 USD at 2020-09-23, but your current investment may be devalued in the future.

Where is Karatbars located?

StuttgartThe headquarters and logistics center of Karatbars International are located in Stuttgart, Alemania.La headquarters central Germany is responsible for the support, marketing and communication with customers and partners, design, orders and shipments.

How much gold is Karatbars?

For now, Karatbars International owes investors of the Karatbars Gold Independence Day 1 gram for each KBC, which is 12 billion grams of gold, worth almost 6 billion USD.