Australian Securities and Investments Commission Officially Warns Against OneCoin

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Australian Securities and Investments Commission Officially Warns Against OneCoinThe Australian Securities and Investments Commission (ASIC) has warned the public that crypto project OneCoin “could be involved in a scam,” according to a notice released on May 28. Similar to another warning concerning a different company published on May 21, the ASIC stated that OneCoin did not obtain two major licenses needed to offer investment services in the country. Specifically, the regulator noted that the company does not hold either a current Australian Financial Services license or an Australian Credit license from the ASIC.


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