Oct 19, 2020
The YEM Foundation is the Regulatory Authority for the digital currency YEM (Rainbow Currency). We take measures for protection and stability. And we represent the YEM to the International Monetary Fund, the United Nations, as well as governmental institutions (e.g. central banks) and nongovernmental organizations.
In accordance with the statutes of the United Nations, the YEM Foundation has the status of an International Non-Governmental Organization (INGO) and is therefore a member of the Union of International Associations (UIA) with the identification number "XM7617“.
MEET THE BOARD
The YEM Foundation Board of Directors is elected by all YEM holders in a democratic process every 3 years. The next election will take place in Q1 2021.
The current Board consists of 7 board members, each of them representing one continent or sub-continent: Africa, America (North and Central), America (South), Asia, Europe, India, Oceania.
Thus, every YEM holder is represented at the Board and at the same time the YEM Foundation is represented on all continents.
The YEM Foundation was founded in 2017 by more than 3700 Rainbow Currency Co-Founders from over 150 countries as an independent and non-profit umbrella organization, whose leadership consists of 7 democratically elected members from 7 different (sub)continents.
Thanks to the constant efforts of the YEM Foundation, more and more governments and financial institutions across the globe are aware of our ‘authority friendly’ digital currency.
The YEM Foundation is seeking to obtain participant status in the Economic and Social Council of the United Nations as well as in the Council of Europe.
Additionally, we are planning to establish an official YEM Foundation Advisory Board with international experts from the fintech, blockchain, financial, and cyber security industry.
Our main goal is for the YEM to be accepted as a legal form of payment in all jurisdictions.