OneCoin official response to the recent statement of the Financial Conduct Authority 

OneCoin

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.

OneCoin is a global software and technology company, with offices in Bulgaria, Hong Kong and the United Arab Emirates, which has developed a cryptocurrency. It shares some features with other digital currencies, but has a unique centralised model, which includes maintaining a database record of each transaction and client and the implementation of Know-Your-Customer (KYC) rules. These measures help protect its clients.

OneCoin is committed to following good business practices and the relevant rules and regulations in the countries in which it operates. It will co-operate fully with the authorities in pursuit of this objective.

Source: OneCoin

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