Company Information

Get to know Citizen Health

Founded in 2017, Citizen Health's mission was to build a transparent and accessible healthcare system by eliminating intermediaries like insurance companies. The company intended to use a blockchain-based platform and a proprietary cryptocurrency token (Medacoin) to enable peer-to-peer payments for medical services. This model was designed to lower costs, increase price transparency, and give patients more control over their healthcare. Despite raising a seed round and developing its platform, the company announced its closure in October 2020, citing insurmountable challenges in navigating the complex and entrenched US healthcare industry.

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Crypto CryptocurrencyPRIMARY

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Citizen Health

United States

Founded in

01 Jan 2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.