OneCoin

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OneCoin was a digital currency scheme widely recognized as a fraudulent Ponzi scheme. Founded by Ruja Ignatova in 2014, it was marketed as a cryptocurrency, but in reality, lacked the fundamental blockchain technology characteristic of genuine cryptocurrencies. Instead of functioning as a decentralized ledger, OneCoin's transactions and coin creation were internally managed and opaque. The scheme promised significant returns and incentivized existing investors to recruit new participants. It garnered billions worldwide before authorities exposed its operations. The OneCoin scandal highlighted the risks of emerging digital currencies and the importance of thorough due diligence in the cryptocurrency sector.

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Belize
Belize Accuses OneCoin Promoter of Illegal Trading
The government of Belize has issued a cease-and-desist order to one of the main promoters of OneCoin.
Belize

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More German Prosecutors Join OneCoin Investigations
Regional prosecutors in Germany are investigating a payment processor connected to OneCoin.
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Hungary
Hungary's Central Bank Organizes Task Force Against OneCoin
Hungary's government has set its sights on OneCoin, a digital currency investment scheme widely believed to be fraudulent.
Hungary

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Police Are Holding OneCoin Promoters in Custody in India
Indian police are continuing their efforts to recoup funds from promoters of OneCoin.
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Germany
German Regulators Order OneCoin to 'Dismantle Trading System'
Germany is stepping up its ongoing crackdown on OneCoin, a digital currency investment scheme widely believed to be fraudulent.
Germany

Arrest
India is Cracking Down on OneCoin
Reports are emerging that authorities in India are undertaking a broad crackdown on OneCoin.
Arrest

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German Finance Watchdog Shutters OneCoin Payment Processor
Germany’s top finance regulator has moved to shut down a payment processor tied to the OneCoin cryptocurrency scheme.
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Sign
Consumer Watchdog in Italy Moves Against OneCoin Investment Scheme
Regulators in Italy have moved to suspend several affiliates of OneCoin, the digital currency investment scheme widely believed to be fraudulent.
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Uganda
Another Central Bank in Africa is Warning About Onecoin
Uganda’s central bank has a new warning for local residents: stay away from Onecoin, a digital currency scheme widely accused of being a scam.
Uganda

Police officers, London
London Police Investigate OneCoin Cryptocurrency Scheme
The London police are investigating a digital currency scheme widely believed to be fraudulent.
Police officers, London