Belgian regulator warns against OneCoin

Belgium's top financial regulator has issued a warning against OneCoin, accusing the digital currency of fraud. The Financial Services and Markets Authority (FSMA) said in a statement released over the weekend that OneCoin has not obtained digital currency regulatory approval and issued a warning to people who participate in OneCoin.

  Notice: "Recently, many Belgian citizens have participated in OneCoin. The Medical Union Mutual Aid Association would like to remind the public that there is no cooperation between the Medical Union Mutual Aid Association and OneCoin in any form. OneCoin has not been authorized in any form by the Medical Union Mutual Aid Association."

The Belgian Financial Services and Markets Authority (FSMA) and the Belgian central bank warned the public about the risks of cryptocurrency volatility in 2014 and 2015. Regulators around the world have also taken notice of OneCoin and its promise of getting rich quick.

According to the Bangladesh Tribune, local police arrested a group of local OneCoin senior marketing members in mid-June. German regulators are also paying attention to OneCoin. According to a report in the German newspaper Der Spiegel in early June, the German Federal Financial Supervisory Authority has launched an investigation into OneCoin.

According to a report by anti -MLM news website BehindMLM , other European regulators have also been investigating OneCoin over the past period of time .