OneCoin 'License' is a Fake, Says Vietnamese Government

The government of Vietnam is speaking out after promoters of OneCoin – a digital currency investment scheme widely believed to be a fraud – claimed it had been granted a formal license in the country.

Local media sources report that, during an event earlier this month, proponents of the digital currency claimed that OneCoin had been given a license to operate by the country's Department of Management.

According to BehindMLM, which tracks multi-level marketing schemes worldwide, the government moved to issue a swift denial after receiving questions from those who ostensibly were pitched to buy OneCoin. Those who are encouraged in to buy into the OneCoin system are asked to purchase "packages" which can then be exchanged for the purported digital currency. They are further urged to find others to invest in order to expand their promised rewards.

Read more here: http://www.coindesk.com/onecoin-license-fake-says-vietnamese-government/