ONE WORLD, ONE LIFE, ONE CURRENCY, ONECOIN, ONE SCAM!
I got in touch with Onecoin representatives from my country a few months ago. After listening a presentation and asking some fair questions it was pretty clear to me that is not reliable. Maybe because I mine Bitcoin from a year now and before of that i read as much as i could about it in order to understand how it works. Trust (besides love thing), ussually comes hand in hand with understanding so that was a big plus for me not to lose some money in a pseudo investment program.
As it turn out, more and more lawsuits are opened against Onecoin in many countries. It seems that Onecoin as a digital currency product has frequently drawn fraud accusation in Belgium and not only. Also reported by Bangladesh news service Bangla Tribune, a group of individuals involved in the pronotion of multi-level marketing schemes including Onecoin were arrested in mid-June.
If that is not enough for you guys you should know that Onecoin does not hold an authorization or any kind of recognition from the Financial Service and Markets Authority (FSMA).
So i have a friendly advice for you guys, a warning for other newbies interested in blockchain and cryptocurrencie tech, to stay away from Onecoin.
