Industry Report: Authorities Warn Against OneCoin, Likely Scam
Dash partners with Coinfirm, the U.S. forms a caucus to create digital currency policies, and users are warned against OneCoin. Want to catch up on your latest digital currency and tech news? Read the stories below. DASH. Digital currency Dash is partnering with blockchain compliance platform Coinfirm. The company is set to provide Dash with an easy route into the “hearts” of businesses and corporations looking to allow digital currencies as potential methods of payments for the purchases of goods and services. The best news is that the partnership is not slated to interfere with Dash....
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The Swedish Bitcoin Foundation released an official statement regarding OneCoin, a cryptocurrency Ponzi scheme that has been around since early 2015. Mats Henricson, the chairman of the Swedish Bitcoin Foundation, wrote in an official statement that the organization believes OneCoin is a fraud and that users who are relatively new to digital currencies and the cryptocurrency industry must be cautious when approaching OneCoin-related programs. Henricson said: “OneCoin has grown immensely large and billions have been put into this phenomenon. But OneCoin is not like the other crypto....
OneCoin has developed a sketchy reputation, and now bitcoin evangelist Roger Ver is adding to the mix. In a recent interview, the owner of Bitcoin.com says he believes OneCoin is a fraud, and that investors should always be wary of new coins and read up before they put their money in things they don’t understand: “There is never a cryptocurrency without a wallet. This sounds like more evidence of its fraudulent nature. OneCoin isn’t traded on a single exchange anywhere in the world as far as I know.” OneCoin has been around for over two years, but questions surrounding its authenticity....
Onecoin has been considered a scam by many in the digital currency community. Many governments have issued warnings to its citizens asking them not to invest in Onecoin. Onecoin, the so-called cryptocurrency has been around for almost two years now. The digital currency has received mixed responses from the digital currency community, depending on whom you ask about the infamous Onecoin. While those who are invested in the digital currency tend to speak highly of it, others would either call it a scam or would have never heard about it. What Is the Problem with Onecoin? The concept of....
London law enforcement has issued a warning through the UK’s Financial Conduct Authority (FCA) concerning OneCoin. The organization says there are “potential risks” the OneCoin community poses on UK consumers. London Police Investigates OneCoin As Cryptocurrency Supporters Continue to Expose It As a Scam. The FCA agency has asked people who have been....
The UK’s Financial Conduct Authority (FCA), an independent public body that is accountable to Treasury and parliament, officially issued a warning against OneCoin operations. Earlier this month, the Swedish Bitcoin Foundation warned its cryptocurrency community and industry regarding the scam-like structure of OneCoin, a “pyramide” built on illegitimate cryptography and security measures. The FCA is the second important government-related public body in 2016 to launch an official investigation on OneCoin. Increasing Awareness of Scam-like Cryptocurrencies. Government agencies and....