Italy Labels OneCoin a Ponzi Scheme, Levies €2.5 Million Fine

Italy Labels OneCoin a Ponzi Scheme, Levies €2.5 Million Fine

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Source: Bitcoinist.net

Now fully exposed as a fraudulent pyramid scheme, Italian authorities have labeled OneCoin a Ponzi scheme and imposed a fine of  €2.5 million for the company to pay.

While Hungary and other countries have merely banned or taken OneCoin to court, Italy has stepped up and become one of the first countries to take a hardline stance against the company.

This seems to be the first instance where a government,

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The post "Italy Labels OneCoin a Ponzi Scheme, Levies €2.5 Million Fine" appeared first here Bitcoinist.net

Source: Bitcoinist.net

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