OneCoin, Bulgaria based digital currency project, responded to the statement of Central Bank of Samoa (C.B.S). It is neither a scam nor a pyramid scheme.
Central Bank of Samoa (C.B.S) quoted that OneCoin is hybrid Ponzi-pyramid type scheme and doing money laundering. It also commented the company targeted local people through churches.
OneCoin Statement
The OneCoin responded that it is closed and centralized cryptocurrency. It is strict on Anti-money laundering (A.M.L) also Combating the Financing of Terrorism (C.F.T). It is also implementing Know Your Customer (KYC) from the beginning. The company also prevents from unknown transactions.
The company stated that they don’t have any organization, employees or representatives in New Zealand and Samoa. So, the firm not acted illegally in the countries.
Independent Marketing Associates (I.M.A)
The company main goal is to protect consumers. Independent Marketing Associates, part of OneLife Network group, so they are not customers. They are only self-employed business persons to obtain educational packages. However, IMAs got a bonus for their personal commitment to recruiting the new agents. All IMAs acted according to the company rules and regulations.
The OneLife is a brand born out of from OneCoin. It is a growing network across the globe. The IMAs success will depend on their personal assurance and abilities to sell the educational packages. So, they have to act according to local conditions. If any IMA acts against conditions, the company will take necessary action on IMA.
The company always support the authorities and media releases to the economic security of the society. The company works also the eco- friendly financial system. It has private blockchain and never compromises the legality of cryptocurrency.
Onelife spread every corner of the world. It will act and follow the regulations of the relevant rules of the countries. The onelife company is completely aware that cryptocurrency is still in the early state. It will solve the fiat currency problems.
The OneCoin main goal is to adopt cryptocurrency according to the legal frameworks. Cryptocurrency will use for daily financial transactions.
There are some interesting time limits on this article however I don’t know if I see all of them heart to heart. There’s some validity however I’ll take maintain opinion until I look into it further. Good article , thanks and we want more! Added to FeedBurner as properly
thank you very much reaching us