Share this article
Luxembourg Regulators Issue Investor Warning Against OneCoin Scheme
Regulators in Luxembourg have released a warning about OneCoin, becoming the latest country to air concerns over the investment scheme.
Updated Sep 13, 2021, 6:52 a.m. Published Aug 29, 2017, 10:00 a.m.
Regulators in Luxembourg have published a terse warning for investors about OneCoin, the digital currency investment scheme widely accused of being fraudulent.
In an August 23 statement, the Commision de Surveillance du Secteur Financer (CSSF), the entity responsible for the country's financial regulation, released a one-sentence warning that entities promoting OneCoin were not "supervised" by the agency.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The regulator said:
"The CSSF warns the public that the entity named Onecoin Ltd, also present on social media under the name Onecoin Luxembourg, is not supervised by the CSSF."
The wording mirrors warnings issued by other financial regulators who have said the OneCoin scheme lacks approval (despite claims to the contrary in at least one country).
Local news source Paperjam.lu reported that in response to the statement by the CSSF, OneCoin's press service said "the company OneCoin has never been formally contacted by the CSSF and therefore we do not see a reasonable motivation for this warning."
Other countries, including Germany, Finland and India, have moved to investigate or arrest promoters, or effectively outlaw the scheme entirely. OneCoin was recently found to be operating a pyramid scheme and fined 2.59 million euros by the Italian Antitrust Authority (IAA), a quasi-governmental consumer watchdog.
Luxembourg statue image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
IREN Raises $2.3B, Repurchases Debt in Balance Sheet Overhaul
The bitcoin miner extended maturities, reduced coupon costs and strengthened its capital structure.
What to know:
- IREN completed a refinancing deal involving a $2.3 billion convertible senior notes offering and a $544.3 million repurchase of existing notes.
- The new notes include $1 billion of 0.25% notes due 2032, $1 billion of 1% notes due 2033, and a $300 million greenshoe allotment.
- The transactions provided $2.27 billion in net proceeds, reduced IREN's cash coupon burden, and extended its debt maturity profile.
Top Stories
