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CubaCripto questions that the portal Cubabebate outline to Karatbars, a empredimiento German.The company operates as a multilevel has been qualified as an alleged ponzi scheme.The community of enthusiasts CubaCripto considered controversial by the fact that a digital gateway pro-government cuban, such as Cubadebate, describing the course entrepreneurship of Karatbars, a German company of multilevel classified by many as a ponzi scheme, which “purportedly has in Cuba a great community.”Arturo Cáceres and Harold Pomp, administrator and moderator of CubaCripto, explain to Breaking News that Karatbars is a company multilevel that sells gold. “He came to Cuba in the year 2015, and was gradually forming small communities, to become a Karatbars Cuba, a community with almost 7,000 members throughout the country, according to its leaders.”They comment that in October 2018, the company launched its own token, KaratGold Coin (KBC), which according to its CEO, Harald Seiz, is backed by physical gold of the highest quality. “That made the company change its course and begin to lose credibility”, added Cáceres, who was a member of the organization.About it warned that, even when you have physical headquarters with multiple offices in different parts of the country, the operation of Karatbart in Cuba alleged to be cloudy. “In addition actually do not have that amount of members”, expressed. The reasons for the subject to which the affiliates to Karatbars Cuba were convincing clients to invest money in the token, and ensured a high return of investment. “That is to say, had promised to exchange 100 KBC for 1 gram of gold”.In that sense, this belief is due to a promise he made in October 2018, the German Harald Seiz, CEO of Karatbars International GmbH, who announced that the July 4, 2019 would be the “Day of the Independence of the Gold”, a date that could change 100 KBC for 1 gram of gold. Investors also believed in the promise that the unit of KBC was going to be worth 40 cents on the dollar and that 2023 would be $ 40″.Caceres and Pomp relate that “the date came and the public was not able to change your KBC for the metal. In fact, nobody saw the gold.” The criptomoneda KBC happened to be worth USD 0,12 (historical peak) to assert no more than 0.03 USD, causing considerable losses to those who invested believing that the currency would reach to USD 0.40.”We still don’t understand how to Cubadebate, a means of communication seriously, you gave so much focus to something like this,” says Pomp. They added that on the said date no one was able to change the KBC by the metal due to a sharp fall in the price, prompting a sell-off by investors. Some users believe that the perpetrators of that event were the same directors of the company, who are assumed to be made trading with the token to manipulate the price and take the profits, according to have Caceres and Pomp.The sources said that, despite the fact that the company promotes as a multi-tier system of sale of gold, a model which consider it “a cheap and effective way to sell through word-of-mouth”, refer to Karatbars as a company, ghost. This “because it offered a gold course that until now has not been seen. They claim to have that gold in a vault and claim to possess contracts with mines in various parts of the world, but no one knows anything about it.”
There are No official bureau of change
On the other hand, CubaCripto questioned the fact that the digital medium official Cubadebate also mention, in one of his recent articles on cryptocurrencies, a house of change created by cubans living in Brazil, that “sells bitcoin at very high prices”. In fact, object to which said digital media is more focused on naming projects created by cuban exiles who give coverage to those who live in the country.On the other hand, Harold Pomp makes it clear that the project web service to buy bitcoins from the caribbean island, called Fusyona, was not the first to promote the cryptocurrencies in Cuba. “In any case, the first transaction of bitcoin was made by Fernando Villar, an american afro-cuban, who came to Cuba in 2015, and by pure chance, asked to be transferred bitcoin from the united States to prove that it worked in Cuba.” CubaCripto considers that this operation is not valid, although he admits that he is the creator of bitcoincuba.org.In addition criticises the fact that Fusyona is present as the first exchange house of cryptocurrencies in Cuba, “because it is far from that reality, because for the cubans rather functions as a site where re-selling bitcoin. The minimum purchase is 150 cuban convertible pesos to around 150 us dollars, which implies a very high cost to the cuban, and it must be person-to-person, anything of digital transactions”, are narrowing.
To clarify the picture
What is certain is that while the Cuban government evaluates all concerning the cryptocurrencies in order to oxygenate the economy, Cáceres and Pomp is not yet clear if it is seeking to give the green light to promote the exchange houses of cryptocurrencies, if you try to create your own criptomoneda, or if they are interested in continuing using the already existing, such as bitcoin (BTC).”We are studying the potential use of the criptomoneda (…) in our business transactions, national and international, and we are working on that along with academics,” said to Reuters the holder of the Ministry of Economy, Alejandro Gil Fernandez, in July of this year.In this regard, Alex Sobrino, founder and leader of CubaCripto, believes that “it is possible that the government adopt the technology that is behind the cryptocurrencies”. However, in the light of the expectations, the community of users consulted afraid that in the end the government is preparing the ground to declare illegal any activity with cryptocurrencies. They think that they can say that “the foreigners are the ones who are introducing cryptocurrencies to corrupt the country” and accordingly delete the alternative investment within the island. Will dawn and we shall see, was given.