OneCoin Claims It’s Unaware London Police Investigation
Following the recent statement issued by the UK Financial Conduct Authority that warned users against trading or engaging in the alleged cryptocurrency scheme OneCoin, the company has said it is “disappointed” with the regulator’s statement. As the UK’s primary financial regulator, the Financial Conduct Authority (FCA) has previously granted licenses to the likes of bitcoin exchange and services Circle. Earlier this week, the regulator and authority issued a public statement, warning consumers against engaging or trading in OneCoin, an altcoin that has garnered controversy in the past.....
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The Financial Conduct Authority, citing an investigation by the City of London Police, has issued an official warning, urging users to be wary of trading with the altcoin, OneCoin. In an official warning published yesterday, the Financial Conduct Authority in London has sought to inform users against the trading of OneCoin. The altcoin, which is notably based on a centralized system unlike other cryptocurrencies like Bitcoin, Ether or Monero, has frequently seen accusations of being a pyramid-scheme in the past. The FCA warning read: We believe consumers should be wary of dealing with....
The FCA has warned UK citizens to refrain from trading OneCoin as the London police starts investigation. OneCoin, a centralized digital currency operated and managed by the OneCoin Limited is under investigation. The Financial Conduct Authority (FCA) of United Kingdom has warned the general public to refrain from trading OneCoin for fiat or other digital currencies. All digital currencies aren’t made equal. The introduction of Bitcoin led to a debate concerning the legitimacy and trustworthiness of a decentralized digital asset, not governed by a single company or an organization. While....
OneCoin has issued a response to the recent warning issued by the Financial Conduct Authority of UK, following an investigation into the digital currency by the London City Police. The recent warning issued by the Financial Conduct Authority of the United Kingdom against OneCoin has elicited a response from the company. OneCoin Limited, the company responsible for operating and maintaining the centralized digital currency has expressed its disappointment with the recent developments. The company in its latest release states that the FCA has issued the warning without enquiring with the....
For now, these claims have not been proven, and should be ignored for the time being. OneCoin is not a cryptocurrency, and anyone claiming otherwise is one of their paid shills. The OneCoin saga seems to be far from over right now. One thing has to be said”: the team behind this project will stoop to new lows to keep up the illusion of credibility. In a recent Youtube video, the team claims Semper Fortis is verifying OneCoin as a cryptocurrency. These claims are false, and OneCoin remains a bag of hot air. For those who are unaware, the OneCoin program is nothing more than a blatant Ponzi....
The London police are investigating a digital currency scheme widely believed to be fraudulent. OneCoin, promoted as a digital currency investment opportunity, was cited as a risk to consumers this week by the UK Financial Conduct Authority, one of several finance regulators in the country and the agency that has participated in the licensing of legitimate bitcoin and blockchain service providers. Marketed as a digital currency similar to bitcoin, OneCoin has key differences such as an promotion-heavy pitch focused on selling investment packages and a centralized hub for exchange, storage....