OneCoin, after garnering a lot of support in the early days of cryptocurrency, is still facing the music as Italy becomes one of the first countries to take a hardline stance against the company, demanding a €2.5 mln fine.
The Italian Antitrust and Consumer Protection Authority (AGCM) has branded OneCoin a pyramid scheme, or ponzi scheme.
OneCoin has been under investigation from the AGCM since December last year, where it ordered local affiliates to stop promoting the so-called digital currency.
However, Italy is not the only country that has been protecting its citizens from the financial fraud that seemed to be brewing under OneCoin. Prosecutors in Germany opened up criminal investigations into the company and in Hungary the government also took steps to tackle the ponzi scheme.
Full story at http://bit.ly/2uPj3AC
Source: CoinTelegraph
Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Bitcoin you can send donations to my Bitcoin Wallet:
12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.