UK Financial Authorities Issue OneCoin Warning, Citing ‘Potential Risks’

[jamie.redman1]

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

UK Financial Conduct Authority FCAThe FCA agency has asked people who have been possibly victimized by OneCoin’s alleged fraudulent activities to come forward. Because the FCA has not authorized OneCoin, the group says there are no protective services for consumers. The UK financial officials say an action fraud link is available, and people can also telephone them.

https://news.bitcoin.com/financial-cond ... y-onecoin/

[Vizique]

About time this enterprise was properly investigated.

There's a lot of interest in Crypto and OneCoin does nothing but damage the reputation being built up by Bitcoin et al.

[ofeliawitty]

I hope not many people got burned in this scam.

[iFixBTCmemoryIssues]

If you are launching a new coin, provide a disclaimer. Something along the lines of, "This may or may not work out, you are risking your money, only invest what you can afford to lose".

There are going to be scams, this is inevitable. Plus, it's the internet.