The company does state however that it Onecoin follows strictly the regulations of the Electronic Commerce Act of the state of Bulgaria.
We are not in the business of selling your personal information to third parties.
One Coin’s website itself is hosted out of Bulgaria.
As always, if a MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. One Coin affiliate are only able to market affiliate membership to the site itself.
There is no information on the One Coin website indicating who owns or runs the business.
The One Coin website does have an “about” section, however no information about the company’s ownership structure is revealed.
In this sense One Coin functions no differently to any other Ponzi points-based scheme, only they pretend to be involved in crypto-currencies.
As such, it appears to be a virtual currency exchange scheme within the One Coin compensation plan.
Where permitted by the provisions of applicable law, Onecoin may though share such information from time to time with the following third parties: Any government agency or other appropriate governmental, police, or regulatory authority in state of Bulgaria or elsewhere in order to meet legal security and regulatory requirements.
The One Coin website domain (“onecoin.eu”) was registered on June 23rd 2014, however the domain registration is set to private.
Residual recruitment commissions in One Coin are paid out using a binary compensation structure.
A binary compensation structure places an affiliate at the top of a two binary teams, left and right: Positions in the binary represent affiliates who have purchased a package.