Read a great story about your favorite cryptocurrency? Post it on CoinUpVote and we might write about it on CCN.LA ! Following the recent statement issued by the UK Financial Conduct Authority that warned users against trading or engaging in the alleged cryptocurrency scheme OneCoin, the company has said it is “disappointed” with the regulator’s statement. As the UK’s primary financial regulator, the Financial Conduct Authority (FCA) has previously granted licenses to the likes of bitcoin exchange and services Circle . Earlier this week, the regulator and authority issued a public statement, warning consumers against engaging or trading in OneCoin, an altcoin that has garnered controversy in the past. OneCoin is widely seen as a fraudulent cryptocurrency scheme that purports itself to be a digital currency similar to bitcoin. In its warning, the FCA revealed the City of London Police were currently investigating the alleged scheme, advising consumers who believe they have been swindled to reach out to the National Fraud Centre. With a release [PDF] today from its EU-based web portal, the company said it was “disappointed” with FCA’s statement, noting that the FCA had done so without contacting the company. Furthermore, OneCoin says that it hasn’t been contacted by the City of London Police. While the law enforcement agency carries out its investigation, the company also adds that it is unaware of the investigation, nor has it received any allegations of wrongdoing. An excerpt from the statement read: OneCoin is disappointed that the FCA has issued a statement without having first contacted the company. OneCoin has not been contacted by the City of London Police. No allegations of any wrongdoing have been put to OneCoin and the basis for and scope of any investigation has not been explained. Claiming to be a “global software and technology company” […]
