Gold Standard Bank, KC Bank Miami and KBC Coin – What remained of the grand Karatbars promises?

Its own bank. Its own stock exchange. Gold-backed cryptocurrencies. A few years ago,

Karatbars presented its distribution partners with the vision of a completely new financial system. At major international events, particularly in the USA, a “Gold Standard Bank,” a “KC Bank Miami,” its own digital stock exchange, and gold-backed cryptocurrencies were announced. Thousands of distribution partners spread the message worldwide of an impending upheaval of traditional banking.

Seven years later, however, a far more uncomfortable question arises:

What of this actually still exists today?

Las Vegas as the stage for grand promises .

The “Gold Independence Day” in Las Vegas in July 2019 marked a high point in the international Karatbars campaign. There, the vision of a gold-backed financial system was presented. According to the company, the cryptocurrency KBC was to be backed by gold and used within a comprehensive financial ecosystem.

Las Vegas was far more than just a venue. The events clearly served to generate international credibility and, in particular, to appeal to investors from North America.

KC Bank Miami – all marketing, little bank

. The name “KC Bank Miami” seems particularly interesting today.

Several international regulatory authorities later explicitly included this name in their warnings. However, according to current research, no publicly documented US banking license can be found that would prove the operational activity of “KC Bank Miami” as a regulated credit institution. A company registered in Florida under the name “Karat Coin

Corp ,” which also used the name “Karat Coin Bank,”

can be found publicly . However, a regulated banking structure is not apparent from this. Investors are therefore rightly asking what the bank-related announcements of the time were actually based on.

The vanished Gold Standard Bank

. Expectations for the so-called “Gold Standard Bank” were even higher.

In numerous presentations, it was portrayed as a central building block of the future Karatbars ecosystem. However, according to current information, neither an active banking license nor publicly documented business operations of such a bank can be established.

The discrepancy between the announcements made at the time and the reality evident today is obvious. This is precisely why the question remains relevant: what specific regulatory and operational background did these statements have?

The Digital Stock Exchange – Revolution or Pipe Dream?

Another cornerstone of the strategy at the time was the announced Karatbars Digital Stock Exchange.

From the company’s perspective, a proprietary digital stock exchange was to be created. From today’s perspective, however, the question arises whether these announcements ever reached the necessary operational maturity. According to current information, no relevant market position or significant presence of this announced platform is discernible.

Whether it was a failed vision, an unfinished project, or merely an ambitious marketing concept remains a matter for journalistic evaluation. The term “pipe dream” should therefore be understood explicitly as an expression of opinion.

KBC Coin, KCB Coin, and the Reality of the Crypto Markets:

The cryptocurrencies KBC and KCB were marketed as the core of the system. The claim of gold backing garnered worldwide attention.

However, regulatory measures and warnings from various supervisory authorities, including those in Germany, Canada, South Africa, and New Zealand, followed.

For many investors, the question remained whether the promised usage, redemption, and value were ever realized to the extent originally presented.

A Blueprint for Later Crypto MLM Projects? In retrospect,

Karatbars appears particularly interesting today because many of its structures later reappeared in other projects. Proprietary coins, proprietary payment solutions, large international events, MLM distribution, promises of the future, and subsequent rebranding are patterns that can be found in numerous later projects.

The open questions for Harald Seiz:

Even years later, key questions remain unanswered:

• Does a regulated Gold Standard Bank exist today?

• Did a regulated KC Bank Miami ever exist?

• What banking license formed the basis of the announcements at the time?

• What function do KBC and KCB fulfill today?

• Which of the announced systems are actually productive? • How many users are using these systems today?