Dear FinCEN:
xNY.io - Bank.org, PBC thanks you for sending yesterday's advisory on kleptocracy and foreign public corruption. We have made
30 highlights to the FIN-2022-A001 advisory for reference.
The aim of today's memo is to learn FinCEN's insights into MIA Coin and the consensus algorithm Proof of Transfer (POX). xNY.io - Bank.org, PBC is concerned about potential MIA Coin and City Coin kleptocracy that may be affecting our global enterprise.
FinCEN may note that NYCCoin is illegal in New York State, given the BitLicense mandate. As such, we are not concerned with NYCCoin's legality given the clear BitLicense mandate.
-
On February 4, 2022 we submitted a City of Miami records request for any and all correspondence between the City of
Miami concerning CityCoins, MIA Coin and Stacks (STX). Additionally, any and all related correspondence concerning
CityCoins, MIA Coin, Stacks (STX), Digital World Acquisition Corp and Harvard Management Company.
- Today, April 15, 2022 we have yet to receive the 13, 092 records. Attached you will find our latest correspondence with Miami, notifying them of our intention to contact FinCEN concerning MIA Coin and POX.
- Conducting independent marketplace research, xNY.io - Bank.org, PBC established a premise to potential kleptocracy between the City of Miami and City Coins, of Iceland international registration. Furthermore, MineMiamiCoin.com is registered in Germany.
- Please find the City of Miami's resolution approving gifts from City Coins ... Furthermore, City Coins suggests a $25,000 "reward" (that may be confused as bribery) for Mayors who participate.
MIA Coin is powered by POX, a computer protocol that may exploit the U.S. and international financial systems to launder illicit gains, including through the use of shell companies, offshore financial centers, and professional service providers who enable the movement and laundering.
MIA Coin' POX protocol is a wealth extraction tool that unfairly rewards an inside group of miners, rewarding patronage networks that benefit his inner circle and regime. These practices harm the competitive landscape of financial markets and often have long-term corrosive effects on good governance, democratic institutions, and human rights standards.
FinCEN, we are concerned
Miami's City Coin resolution potentially confirms Miami leaders as kleptocrats, using their position and influence to enrich themselves and their networks of corrupt actors.
Finally, we understand that MIA Coin and POX operations are powered by international data warehouses, located in Iceland, Germany and Hong Kong. For these reasons, given FinCEN's alert on kleptocracy and foreign public corruption we kindly seek guidance.
Sending you the very best regards.
Thank you,
Gunnar Larson
--
Gunnar Larson - xNY.io - Bank.org, PBCMBA - Entrepreneurship and Innovation (ip)
G@xNY.io
+1-646-454-9107
New York, New York 10001
---------- Forwarded message ---------
From:
Financial Crimes Enforcement Network <fincenupdates@public.govdelivery.com>Date: Thu, Apr 14, 2022 at 2:46 PM
Subject: FinCEN Updates: FinCEN Issues Advisory on Kleptocracy and Foreign Public Corruption
To: <
g@xny.io>