what is one coin ?

Onecoin is a virtual cryptocoin

 in light of cryptocurrencies, with a private blockchain. It is advanced by Onecoin Ltd, a seaward Gibraltar organization drove by the Bulgarian Ruja Ignatova.

Onecoin has been portrayed as a Ponzi plot, both due to how it has been set up and due to a large number of the general population who are key to Onecoin having already been included in other such schemes.[2] In Hungary the National Bank has issued a notice that Onecoin is a pyramid scheme.[3] And in China, a few individuals and speculators of OneCoin were captured in 2016 and $30.8 million USD of benefits were seized.


In December of 2016, The Italian Antitrust Expert (Autorità Garante della Concorrenza e del Mercato) "received a between time directive against the organization One System Administrations Ltd., dynamic in the advancement and dispersal of cryptocurrency OneCoin...", and its delegates in Italy, depicting their exercises as an "unlawful pyramid deals framework" ("sistema di vendita piramidale vietato dalla legge"), and requesting them to stop advancing and offering Onecoin in Italy

OneCoin/OneLife 

The English daily paper Mirror composed that OneCoin/OneLife is a get-rich-brisk plan trick and a faction. Likewise Reflect has clarified why OneCoin is worthless.[6] Bitcoin.com has given point by point prove that Onecoin is a broad ponzi conspire scam.

The organization and the plan is on the perception arrangements of numerous specialists, among them are experts in Bulgaria, Finland,[8][9][10] Sweden,[11] Norway[12] and Latvia.[13] As of now, none of the nations have pronounced Onecoin as criminal movement, yet specialists have cautioned of potential dangers required in organizations like Onecoin. On 30 September 2015, Bulgaria's Budgetary Supervision Bonus (FSC) issued a notice of potential dangers in new cryptocurrencies, refering to Onecoin as an example.[14] After the notice, Onecoin stopped all action in Bulgaria and began to utilize banks in remote nations to deal with wire moves from participants.[15] In Walk, 2016, The Immediate Offering Relationship in Norway cautioned against Onecoin, contrasting it with a fraudulent business model.