AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION OFFICIALLY WARNS AGAINST ONECOIN

Last updated: June 19, 2025, 23:46 | Written by: Arthur Hayes

The world of cryptocurrency can be exciting, offering seemingly limitless possibilities for investment and financial freedom. 6.8M subscribers in the CryptoCurrency community. The leading community for cryptocurrency news, discussion, and analysis.However, it's also a landscape fraught with potential pitfalls, including scams disguised as legitimate opportunities. Australian Securities and Investments Commission Officially Warns Against OneCoin btcnative.me comments sorted by Best Top New ControversialThe Australian Securities and Investments Commission (ASIC), the independent Australian government body responsible for regulating financial services, consumer credit, and authorized financial markets, has issued a stark warning to the public: beware of OneCoin.This crypto project, marketed as an alternative to Bitcoin and a lucrative investment opportunity, has raised serious red flags, leading ASIC to officially caution Australians against dealing with OneCoin Limited. The Australian Securities Investments Commission is the latest regulator to issue a warning against the OneCoin Ponzi scheme. As per ASIC s investment fraud warning, the regulator warns OneCoin could be involved in a scam.This article will delve into the details of ASIC's warning, the nature of OneCoin, the red flags to watch for, and what you can do to protect yourself from similar schemes.

Understanding ASIC's Warning on OneCoin

On May 28th, ASIC released a public notice via its MoneySmart portal, explicitly advising consumers not to engage with OneCoin Limited. The 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.The core reason behind this warning is that OneCoin Limited is not licensed to operate in Australia. Des Weiteren weist die Finanzmarktaufsicht in ihrer Mitteilung darauf hin, dass OneCoin vermutlich in betr gerische Aktivit ten verwickelt ist. Das Unternehmen ist in Bulgarien ans ssig. OneCoin wurde im Jahr 2025 gegr ndet und sieht sich mittlerweile Vorw rfen ausgesetzt, ein Schneeballsystem zu sein, das Anleger bisher um mehr als 3,8Furthermore, ASIC strongly suspects that OneCoin could be involved in a scam. ASIC is an independent Australian Government body responsible for regulating financial services and consumer credit, and authorised financial markets operating in Australia.This isn't a light accusation; it's a formal declaration from a respected regulatory body, urging caution and vigilance.But what exactly makes OneCoin so concerning, and why has ASIC taken such a strong stance?

Why is a License Important?

A financial services license from ASIC is crucial for any entity offering financial products or services in Australia.It signifies that the company has met certain standards of competence, solvency, and ethical conduct.Licensing provides a layer of protection for consumers, ensuring that companies are accountable and operate within a regulated framework. According to the warning published today via its MoneySmart portal, the Aussie regulator has advised consumers to not deal with OneCoin Limited as it is not licenced to operate in Australia and could be involved in a scam.The absence of a license is a significant red flag, indicating that the company is operating outside the oversight of Australian regulators, leaving investors vulnerable.

The Nature of OneCoin: A Ponzi Scheme in Disguise?

OneCoin is a cryptocurrency project that emerged in 2014, marketed as a revolutionary digital currency and an alternative to Bitcoin. The Australian Securities and Investments Commission (ASIC) has experienced years of upheaval and a heavy workload after the banking royal commission. The findings of the banking andHowever, unlike Bitcoin and other legitimate cryptocurrencies, OneCoin operates in a fundamentally different way.It doesn't have a genuine, decentralized blockchain, and its value isn't determined by market forces.Instead, OneCoin has been widely accused of being a Ponzi scheme, where early investors are paid with money from new investors, rather than from genuine profits generated by the underlying asset.

Several factors contribute to the Ponzi scheme accusations:

Lack of a True Blockchain: Unlike cryptocurrencies like Bitcoin and Ethereum, OneCoin doesn't have a publicly verifiable blockchain. A Comiss o Australiana de Valores Mobili rios e Investimentos (Australian Securities and Investments Commission - ASIC) alertou o p blico que o projeto cripto OneCoin, poderia estar envolvido em um golpe, de acordo com um comunicado divulgado em 28 de maio.Transactions are not transparently recorded and independently confirmed.
Centralized Control: OneCoin is centrally controlled by a single entity, which contradicts the decentralized nature of genuine cryptocurrencies.
Recruitment-Based Earnings: A significant portion of OneCoin's marketing focused on recruiting new members.Investors were encouraged to recruit others, with commissions and rewards tied to recruitment efforts.This is a classic characteristic of pyramid schemes.
Limited Usability: OneCoin has limited real-world usability. , WEDNESDAY ⁠The Australian Securities and Investments Commission has released an official warning against crypto project OneCoinIt's not widely accepted as a form of payment, and its value is largely artificial.

Red Flags: Spotting a Cryptocurrency Scam Like OneCoin

The OneCoin saga serves as a valuable lesson in identifying potential cryptocurrency scams.While the cryptocurrency landscape offers legitimate investment opportunities, it's crucial to be able to distinguish them from fraudulent schemes. The Australian Securities and Investments Commission has warned the public that crypto project OneCoin could be involved in a scam, according to a notice released on May 28.Here are some key red flags to watch out for:

Unrealistic Promises of Returns: Be wary of any cryptocurrency project that promises guaranteed or excessively high returns.Legitimate investments involve risk, and no one can guarantee a specific outcome. Aunque uno de los l deres de OneCoin fue arrestado recientemente, seg n se informa, la empresa segu a operando en marzo de 2025. El 7 de mayo, un antiguo inversionista de OneCoin present una demanda contra varias entidades y personas involucradas en el criptoproyecto supuestamente fraudulento.If it sounds too good to be true, it probably is.
Pressure to Recruit: If a cryptocurrency project heavily emphasizes recruitment and offers rewards for bringing in new members, it's a major red flag.Legitimate cryptocurrencies focus on their underlying technology and real-world applications, not on recruiting new investors.
Lack of Transparency: A legitimate cryptocurrency project will be transparent about its technology, development team, and business model.If information is scarce or difficult to verify, proceed with caution.
Centralized Control: Cryptocurrencies are designed to be decentralized, meaning that no single entity controls them. The Australian Securities and Investment Commission warned the public in a notice that it suspected OneCoin could be involved in a scam. Reserved IP Address CBe wary of projects that are controlled by a single company or individual.
Limited Usability: A cryptocurrency with limited real-world usability is likely to be a speculative asset with little intrinsic value.Look for projects that are actively working to increase adoption and utility.
Unlicensed Operations: Always check if the company is licensed by relevant financial authorities in your jurisdiction. OneCoin markedsf rer seg som et alternativ til Bitcoin i tillegg til tilby mulighet til tjene penger p verve nye deltakere. [4] [8] [9] Det er s langt ikke mulig benytte Onecoin til transaksjoner utenfor medlemmenes nettverk, [10] men det har lenge v rt hevdet at det snart vil knyttes tusenvis av utsalgssteder som aksepterer OneCoin som betalingsmiddel. [11]In Australia, check with ASIC.Unlicensed operations are a significant red flag.
Aggressive Marketing Tactics: Scammers often use aggressive marketing tactics to pressure people into investing quickly.They may create a sense of urgency or use emotional appeals to manipulate potential victims.

Protecting Yourself from Cryptocurrency Scams

The best defense against cryptocurrency scams is knowledge and due diligence.Here's what you can do to protect yourself:

Do Your Research: Before investing in any cryptocurrency project, thoroughly research the technology, team, and business model. The Australian Securities and Investment Commission warned the public in a notice that it suspected OneCoin could be involved in a scam.Read independent reviews and analyses.
Be Skeptical: Don't blindly trust marketing claims or testimonials.Approach every investment opportunity with a healthy dose of skepticism.
Diversify Your Investments: Don't put all your eggs in one basket. オーストラリア証券投資委員会（ASIC）が、出資金詐欺（ポンジ・スキーム）として悪名高い「ワンコイン（OneCoin）」について、「詐欺に巻き込まれる可能性がある」と同国民に警告した。ASICウェブサイトにおいて、5月28日に発表した。Diversify your investments across different asset classes and cryptocurrencies.
Invest Only What You Can Afford to Lose: Cryptocurrency investments are inherently risky.Only invest an amount that you can afford to lose without impacting your financial well-being.
Use Reputable Exchanges and Wallets: Use established and reputable cryptocurrency exchanges and wallets. The Australian Securities and Investments Commission has proposed a prosecution safe harbour for start-ups that apply for the financial licences quickly and says owning bitcoin, ethereum andThese platforms typically have security measures in place to protect your funds.
Be Wary of Social Media Hype: Social media can be a breeding ground for cryptocurrency scams. The Australian Securities and Investments Commission has warned that OneCoin does not hold a licence to operate. ASIC advises this company could be involved in a scam, it said in a statement.Don't base your investment decisions solely on social media trends or endorsements.
Check for Licenses and Regulations: Verify that the company is licensed and regulated by relevant financial authorities in your jurisdiction. The Australian Securities and Investments Commission has released an official warning against crypto project OneCoin 一般 - CCMatrix (Wikipedia CommonCrawl) 28种语言，10亿个专业术语翻译In Australia, check with ASIC.
Seek Professional Advice: If you're unsure about a cryptocurrency investment, seek advice from a qualified financial advisor.
Report Suspicious Activity: If you suspect that you've been targeted by a cryptocurrency scam, report it to the relevant authorities.In Australia, you can report scams to ASIC and the ACCC (Australian Competition and Consumer Commission).

The Ongoing Impact of OneCoin

Despite the numerous warnings and legal actions against OneCoin, the scheme has managed to persist in some parts of the world. Australian Securities and Investments Commission Officially Warns Against OneCoin. camilledwiggins Uncategorized 1 Minute. Via CoinDebate.com.This highlights the importance of ongoing vigilance and public awareness.The OneCoin case has resulted in arrests and convictions of key figures involved in the scheme, but the recovery of lost funds for investors has been a long and challenging process. Ponzi scheme promoted as a cryptocurrency. This page was last edited on, at . All structured data from the main, Property, Lexeme, and EntitySchema namespaces is available under the Creative Commons CC0 License; text in the other namespaces is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply.The continued existence of OneCoin underscores the need for international cooperation in combating cryptocurrency fraud.

What Happens if You've Been Scammed?

If you believe you've been a victim of the OneCoin scam or any other cryptocurrency fraud, it's crucial to take immediate action:

Report the Scam: Report the scam to ASIC and the ACCC in Australia. The Australian Securities and Investments Commission (ASIC) has issued another warning on May 21 against an alleged crypto-related scam project. According to the report, the Australian financialProvide as much detail as possible about your experience.
Contact Your Bank or Payment Provider: If you made payments using a credit card or bank transfer, contact your bank or payment provider immediately. The Australian Securities and Investments Commission (ASIC) said it was assisting the government in providing advice to colleagues in the Treasury and that it was having regular meetings withThey may be able to help you recover some of your funds.
Seek Legal Advice: Consult with a lawyer to explore your legal options. The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings against Binance Australia Derivatives, accusing the platform of misclassifying retail investors and denying them essential consumer protections. Between July 2025 and April 2025, Binance classified over 500They can advise you on whether you have grounds for a lawsuit.
Document Everything: Keep detailed records of all your communications, transactions, and any other relevant information.
Be Wary of Recovery Scams: Scammers often target victims of previous scams by offering to help them recover their lost funds for a fee. The Australian Securities Investments Commission is the latest regulator to issue a warning against the OneCoin Ponzi scheme. As per ASIC s investment fraud warning, the regulator warns OneCoin. could be involved in a scam. Do not deal with this business as it is unlicensed in Australia. ASIC goes on to state that OneCoin LimitedThese are usually recovery scams, so be extremely cautious.

ASIC's Role in Protecting Consumers

The Australian Securities and Investments Commission (ASIC) plays a vital role in protecting consumers from financial scams and misconduct.ASIC's responsibilities include:

Regulating Financial Services: ASIC regulates companies that provide financial services in Australia, ensuring that they comply with the law and act in the best interests of their clients.
Investigating Misconduct: ASIC investigates allegations of financial misconduct, including scams, fraud, and insider trading.
Taking Enforcement Action: ASIC can take enforcement action against companies and individuals that violate financial laws.This can include fines, banning orders, and criminal prosecutions.
Providing Consumer Education: ASIC provides consumers with information and resources to help them make informed financial decisions. You can search ASIC's registers to find information about companies, business names, auditors, liquidators, and other financial professionals.This includes the MoneySmart website, which offers guidance on investing, budgeting, and avoiding scams.

ASIC's warning against OneCoin is a prime example of its commitment to protecting consumers from cryptocurrency fraud. 根据5月28日发布的一份通知，澳大利亚证券和投资委员会（ASIC）警告公众，加密项目OneCoin 可能涉及骗局。澳大利亚金融监管机构已对OneCoin.eu网站上运营的OneCoin发出正式警告，敦促公众不要与该公司打交道，因为该公司未在澳大利亚获得许可。By issuing this warning, ASIC has helped to raise awareness of the risks associated with OneCoin and other similar schemes.

The Future of Cryptocurrency Regulation in Australia

The cryptocurrency landscape is rapidly evolving, and regulators around the world are grappling with how to best regulate this emerging asset class. The Australian Securities and Investments Commission has released an official warning against crypto project OneCoinIn Australia, ASIC is actively involved in developing a regulatory framework that balances innovation with consumer protection.This includes exploring issues such as:

Cryptocurrency Exchanges: Should cryptocurrency exchanges be subject to the same regulations as traditional financial exchanges?
Initial Coin Offerings (ICOs): How should ICOs be regulated to protect investors from fraud and scams?
Cryptocurrency as Payment: How should cryptocurrencies be treated for tax purposes?
Decentralized Finance (DeFi): How can DeFi protocols be regulated to ensure fairness and transparency?

The future of cryptocurrency regulation in Australia is likely to involve a combination of licensing requirements, disclosure obligations, and enforcement actions. ASIC is an independent Australian Government body responsible for regulating financial services and consumer credit, and authorised financial markets operating in Australia. Australian Securities and Investments CommissionThe goal is to create a regulatory environment that fosters innovation while protecting consumers from harm.

Conclusion: Heeding the Warning and Staying Informed

The Australian Securities and Investments Commission (ASIC)'s official warning against OneCoin serves as a crucial reminder of the risks associated with unregulated cryptocurrency projects. The Australian Securities Investments Commission is the latest regulator to issue a warning against the OneCoin Ponzi scheme. As per ASIC s investment fraud warning, the regulator warns OneCoinOneCoin's history and operational structure closely resemble a Ponzi scheme, making it a dangerous investment for unsuspecting individuals.It is imperative to remember that the allure of quick and easy profits should always be tempered with caution and thorough due diligence. Company and business name search summaries with ABNs link to the Australian Business Register. type of company or organisation; registration date; next review date; location of registered office; any professional licences or registrations (e.g. an Australian financial services licence or credit licence).By understanding the red flags, following sound investment principles, and staying informed about the evolving regulatory landscape, you can significantly reduce your risk of falling victim to cryptocurrency scams.Always verify if a company is licensed to operate in Australia by checking with ASIC and remember, if it sounds too good to be true, it probably is.Protect yourself and your financial future by making informed decisions and heeding the warnings of trusted regulatory bodies.