London financial regulator investigates the alleged OneCoin fraudulence.

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OneCoin is a digital currency based on cryptography and created through a process called mining. This cryptocurrency is being investigated by the national police due to the fact that is believed that London is part of a fraud. It was promoted as an opportunity for investment in digital currencies, but was pointed out as a risk to consumers by the UK Financial Conduct Authority; this is one of the financial regulators in England, sometimes it commissioned legitimize service providers where part Blockchain Bitcoin and technology.

OneCoin, which is marked fraudulently is similar to Bitcoin, though it they have their differences. OneCoin addresses users with a promotion where the sale of investment packages in a centralized platform for trade, storage and recording transactions are offered. Critics have argued that OneCoin such as a coin, does not really exist.

The UK Financial Conduct Authority advised consumers who suspect they have been scammed or are certain of this, contact the fraud division of the London police. In other statements, the agency said: “This firm is not authorized by us and we do not believe it is undertaking any activities that require our authorization. However, we are concerned about the potential risks this firm poses to UK consumers.” This platform is not the first time that is linked to suspicious fraud, regulators in other opportunities have intervened in it.

In February this year, the controversy unleashed by the alleged illegality of OneCoin in Sweden, this country gave the alarm and announced the conclusion of an investigation into the business system of this company.

And in other countries like Germany and Bangladessh it is expected to begin investigations on this platform.

Image: onecoin 

Source: coindesk 

Disclaimer: InfoCoin is not affiliated with any of the companies mentioned in this article and is not responsible for their products and/or services. This press release is for informational purposes only. Information does not constitute an investment advice or an offer to invest.

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