The Malta Financial Services Authority (MFSA) has warned that the operators of a website and Facebook page promoting a virtual currency named 'OneCoin' are not regulated or authorised entities.
The MFSA also warned the general public that OneCoin "is not a currency issued by any Central Bank or by any other public authority".
OneCoin’s website and Facebook page offer users the opportunity to invest in, mine, trade, use and benefit from the value of OneCoin.
However, warnings about OneCoin being a Ponzi scheme can be found all over the internet, including on its own Wikipedia page.
It has been investigated in numerous countries, with Italy banning the cryptocurrency altogether late in 2016.