OneCoin Promoters Fined €2.6 Million by Italian Consumer Watchdog !

A consumer rights company in Italy is financing a group that has been promoting one-on-one, which plans to invest in digital currency is widely credible.

2.59 million euros fine The Italian Antarctic Authority (IAA), which was funded by the Ministry of Economic Development, which was adopted by semi-autonomous non-governmental organization. It comes months after months moved to Italy to suspend operations of several OneCoin-approved companies.

Companies were approved to use misleading investors with pyramid scheme strategies and promotional materials and events.

The IAA said in a statement:

The promotion of one coin was through a pyramid sale system, because the employment of new consumers was the only goal of the sales process and the bonuses were encouraged strongly by recognition, the program's only real and effective salary The purchase of training cats essentially enters the system and hides the access rates necessary to satisfy other consumers of product quality. "

Italy is the last country in Europe, where companies are fined for promoting Ekkiens.

One coin, a copyright digital currency, is sold through "packages" for those who redeem those packages. Investors investors are often encouraged to find others to buy those packages from them, OneCoin added a Ponzi scheme that charges fuel.

Back in April, regulators in Germany banned this project. Belize, India and Vietnam officials, among other countries, have taken steps against one coin in recent decades.