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Zucoins L.P. acknowledges ASIC investigation in relation to “Zucoins”.

Zucoins L.P. acknowledges ASIC investigation in relation to “Zucoins”.


Monday, 1 August 2022 ALBURY: Zucoins L.P. acknowledges that the Australian Securities & Investments Commission (ASIC) has exercised its powers under Part 3 of the Australian and Investments Commission Act 2001 (Cth) (ASIC Act) requiring the giving of all reasonable assistance or production of books in connection with an investigation referred to in notices issued by ASIC under either s19 and s33 of the ASIC Act (Notice).

In accordance with a Notice issued to myself (Allan Endresz and founder), I was required by the relevant statutory provisions to provide reasonable assistance in circumstances where ASIC, on reasonable grounds, suspects or believes that I could give information relevant to a matter that ASIC is investigating, or is to investigate, under Division 1 of Part 3 of the ASIC Act.

Significantly, Zucoins L.P. is fully cooperating with ASIC during its investigation and is legally, technically and financially prepared to strenuously justify and defend its conclusion that Zucoins L.P. is not “carrying on a financial services business” in circumstances where Zucoins (built on the Splitchain native protocol) are not considered to fall within either the general or specific statuary definitions of a “financial Product”.

Zucoins are not considered to be a “facility” through which, or through the acquisition of which, a person can:

(a) Make a financial investment.

(b) Manage financial risks.

(c) Make Non-Cash Payments.

Zucoins are not considered to be a “managed investment scheme” where buyers of Zucoins do not contribute (expressly or impliedly) any money as consideration to acquire rights (interest) to benefits produced by Zucoins L.P. Buyers only purchase the Zucoins, which are a digital crypto asset where proceeds from the sale of Zucoins are not pooled (nor intended to be pooled by either the vendor (Zucoins L.P. or the Zucoin buyers), or used in a common enterprise, to produce financial results, or benefits consisting of rights or interests in property for any persons purchasing Zucoins.

To assist ASIC in its investigation, I was compelled to provide ASIC with all the latest personal information of each Zucoin buyer, together with the number of Zucoins purchased and the consideration paid.

For information on how ASIC handles your personal information, provides access to your personal information, corrects your personal information or how you can complain about breaches of your privacy, ASIC advises that you should contact them directly or simply refer to their privacy policy at www.asic.gov.au/privacy.

Zucoin buyers should expect to receive a phone call and/or email from an ASIC Representative seeking further information about your Zucoins. It is important to note that unless you receive an official s.19 or s.33 Notice, you are not compelled by law to answer any ASIC questions or to provide ASIC with any documents, emails or electronic material whatsoever. It is within your rights to politely refuse ASIC’s enquiries and or to provide additional material. In fact, ASIC should caution you that the assistance you provide is voluntary only.

Recently, it has been bought to our attention that ASIC is misleading Zucoin Buyers into thinking that they must provide assistance. Below are two emails that ASIC have recently sent out requesting assistance. You will clearly notice in the first email, ASIC discloses that your information is only provided on a voluntary basis only. In the second email, ASIC deliberately deletes this last sentence to intimidate you.


Know your rights and treat ASIC with great caution.

To verify the legitimacy of an ASIC Representative please email [email protected] or call Warren Jacobs, Senior ASIC Investigator on 0466 290 064 to seek verification. 

NEVER SHARE any personal or Zucoin information over the phone unless you:

  1. Are absolutely certain that the person at the end of the phone is a legitimate ASIC Representative.
  2. Are prepared to volunteer your personal and or Zucoin information to ASIC of your own free will. Remember, unless you have been issued with a s.19 or s.33 Notice you are not compelled by law to volunteer any personal or Zucoin information to ASIC.  
  3. Obtain independent legal advice. ASIC may call you as a witness and involve you in subsequent legal proceedings or possibly share your personal and zucoin information other Government agencies.   

Zucoins L.P. warmly welcomes ASIC’s investigation and is only too pleased to provide reasonable assistance as demanded by the law.

Zucoins L.P. remains quietly confident that the integrity and reputation of your Zucoins and the Splitchain native protocol will be further enhanced after ASIC’s investigation is completed.

Remember: Zucoin buyers simply purchase Zucoins. They are a crypto asset (commodity) as defined by the ATO for GST purposes. To better understand what Zucoins (Crypto assets) really are, take the time to watch “It’s ZuTime: Season 2, Episode 10 “ASIC, the banks and Zucoins” and think about the “Penfolds Grange Hermitage” analogy.

Happy drinking!!

Watch the ‘It’s ZuTime’ episode addressing this topic here.

Should you have any queries, please do not hesitate to contact [email protected]

Kind regards,
ZuTeam

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© 2023 Zucoins™ and Zucoin™ are Registered Trademarks of Zucoins L.P. All Rights Reserved.

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Phillip Crosskell

Marketing

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Phil, a marketing specialist, joins the Zucoins team with over 15 years experience in the marketing industry.

Recently he worked for a marketing agency where he started out as the lead web developer, with involvement in client sales and the onboarding process. He established and maintained the Google advertising branch of the company. Phil transitioned into the head of the digital role overseeing all digital projects including web design, EDMs, Google Ads, Social Media Ads and hosting services. 

At Zucoins, Phil is helping the team across all areas in building the Zucoins and SplitChain brands in an ever-evolving industry. From marketing and brand strategies to web development, content creation, advertisements and Lottie animations, Phil is continually expanding his knowledge and skills. 

Outside work, Phil loves his motorsport, racing go karts and volunteering as a Flag marshal for Formula 1 and Super Cars.

Peter Allen

CSO

Twitter

Pete started with the Zucoins team in 2019 and now leads as our Head of Support. 

As the Head of Support, Pete is the first point of contact, providing the highest level of service to all Zucoins buyers and enquiries. His role is responsible for managing online email queries, coin purchases, wallet and coin distribution and, most importantly, guiding users and customers in using the Zucoins app to ensure they are comfortable accessing its features and capabilities. 

Pete also works closely with the development team, continuously improving his technical and product development to assist staff and users with the most up-to-date training and education. 

Before joining the team, Pete worked in a multitude of different roles, including several director positions, regional sales manager, corporate purchasing manager and a new homes advisor/area manager. 

Riely Redford

CFO

Twitter

Riley is Chief Financial Officer and brings vast experience across many fields, including customer service, account management and accounting with Cycling Australia and Energy Australia.

His solid skill set across these fields ensures his capabilities to further the growth of Zucoins and its partners in the future. In addition, Riley is passionate about engaging with people and building long-term and profitable professional relationships. As a believer in a busy yet productive lifestyle, he feels that you aren’t working if you love what you do.

In his role, he strategises, designs, and implements daily financial processes to increase productivity, achieve organisational objectives, and foster strong stakeholder management.

Georgia Tighe

Founder

Twitter

Georgia leads the marketing and brand strategy at Zucoins after switching roles from start-up AR marketing platform, Zukaz.

As the Marketing Manager, Georgia is responsible for developing and accelerating Zucoins’ global marketing strategy and brand awareness. She is focused on driving the company’s vision of creating an ecosystem where anyone, anywhere, can send or receive value in real-time with no third-party involvement.

Georgia has substantial experience across marketing and product development, event management, branding & design, lead generation, public relations, strategic planning and digital marketing. In addition, she continues to expand her leadership competency while effectively leading and managing a growing team.

Before joining Zucoins, Georgia worked in the marketing and communications field, specialising in the hospitality/gaming industry after completing her Bachelor of Business, majoring in Marketing and Management.

Outside work, she enjoys fitness, fine wine and food, and spending time with her family, friends and beloved animals.

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Sam Volkering

advisor

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Sam is the Editor for Exponential Investor (UK) a publisher of investment newsletters focusing on cryptocurrency, small-cap, microcap and technology stocks. He’s also the author of ‘Crypto Revolution: Bitcoin, Cryptocurrency and the Future of Money’. In addition to his editorial work, he’s an advisor to exciting, new crypto and digital asset projects, such as Zucoins.

He spends his time hunting down the most exciting crypto and stock opportunities on the planet which are potential-packed, risky, exciting small-caps or tech breakthroughs transforming our future through cutting-edge technologies. He is also a leading expert in the UK and Australia on crypto-assets and their future impact on the world.

Mate Tokay

advisor

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Mate is an entrepreneur at heart. After graduating from the International Business School in Budapest in 2012, he helped launch Superior14, a successful food supplement company. He then became interested in crypto after hearing about Bitcoin in late 2012 and began Bitcoin mining in mid-2013 using custom-built ASIC miners. In 2013 he founded the media company, Bitcoinist.com.

After a successful exit in 2015, Mate met Roger Ver and co-founded Bitcoin.com, one of the original and industry-renowned cryptocurrency resources. Mate focuses on a broader vision and communicating that vision to others while staying on top of industry trends. His goal and passion are to make cryptocurrencies as popular as possible.

Robert Zucoins

Robert Novak

cto

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Robert is the CTO at Zukaz and Zucoin and brings a wealth of knowledge and experience within IT, web and app development. Rob started out developing PC games during high school, having then use those 3D skills to design a car-of-the-future that was featured at the Melbourne International Motor show, 3 years running, even managing to take out the title. Amongst numerous other involvements, including having his photography featured at the National Gallery of Victoria, he spent the next couple of years coordinating with overseas manufacturers to import, develop and design software and support for GPS security trackers.

For more than the past decade, he has dove deeply into web systems, spending countless late-nights-and-next-mornings building, maintaining and providing support for hundreds of varying web systems. Those client contracts and projects spanned network, IT, server and application stacks, within industries such as agriculture, tourism, engineering, manufacturing, medical, finance, retail, beauty, among others.

Today, he is responsible for leading the overhaul of technical systems, processes and products inside the company and its two product divisons. He is leading the deployment of a new, ground-up, more efficient serverless infrastructure for web app development, built-in house, powering the future of our products and services.

Allan Zucoins

Allan Endresz

Founder

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As the Founder of Zucoins, Allan Endresz is responsible for running all facets of the business. Allan has a proven executive management track record and over 30 years of experience driving sales growth in the technology and payment industries.

Prior to starting Zucoins, Allan was heavily involved in Mergers and Acquisitions and other advisory roles.

At Zucoins, he has built a strong development team and holds a long-term vision for the company. Allan is a strong visionary that never gives up on his goals and dreams.

Allan and his team have developed SplitChain, a ground-up Next Gen Layer 1 network. SplitChain is solving the “Blockchain trilemma” of security, scalability and decentralisation.