OneCoin Claims It's Not a Ponzi or Pyramid Scheme

The OneCoin cryptocurrency investment project has responded to the suggestion it is a Ponzi or pyramid scheme, arguing it does not fit the narrow definition of either. In a report by Samoa Observer on May 14, the Central Bank of Samoa is quoted as saying last month that OneCoin is a "hybrid ponzi-pyramid scheme" which "laundered money through New Zealand to Samoa" and was targeting local residents through churches.

https://www.coindesk.com/onecoin-claims-its-not-a-ponzi-or-pyramid-scheme

This story originally appeared on CoinDesk, the global leader in blockchain technology news and publisher of the Bitcoin Price Index

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