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Saturday, January 7, 2017

Best virtual cryptocoin


Onecoin is marketed as a virtual cryptocoin, based on cryptocurrencies, with a private blockchain. Promoted by Onecoin Ltd, an offshore Gibraltar company led by Bulgarian Ruja Ignatova.

Onecoin has been accused of being a Ponzi scheme, both because of how it has been set up and because of many of the people who are central to Onecoin having previously been involved in other such schemes. In Hungary the Central Bank has issued a warning that Onecoin is a pyramid scheme. And in China, several members and investors of OneCoin were arrested in 2016 and $30.8 million USD of assets were seized.
In December of 2016, The Italian Antitrust Authority (Autorità Garante della Concorrenza e del Mercato) "adopted an interim injunction against the company One Network Services Ltd., active in the promotion and dissemination of cryptocurrency OneCoin...", and its representatives in Italy, describing their activities as an "illegal pyramid sales system" ("sistema di vendita piramidale vietato dalla legge"), and ordering them to cease promoting and selling Onecoin in Italy
The British newspaper Mirror wrote that OneCoin / OneLife is a get-rich-quick scheme scam and a cult. Also Mirror has explained why OneCoin is worthless. Bitcoin.com has given detailed evidence that Onecoin is an extensive ponzi scheme scam.
The company and the scheme is on the observation lists of many authorities, among them are authorities in Bulgaria, Finland, Sweden,  Norway and Latvia. Currently, none of the countries have declared Onecoin as criminal activity, but authorities have warned of potential risks involved in businesses like Onecoin. On 30 September 2015, Bulgaria's Financial Supervision Commission (FSC) issued a warning of potential risks in new cryptocurrencies, citing Onecoin as an example. After the warning, Onecoin ceased all activity in Bulgaria and started to use banks in foreign countries to handle wire transfers from participants. In March, 2016, The Direct Selling Association in Norway warned against Onecoin, comparing it to a pyramid scheme.
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