: Unlike Bitcoin, OneCoin never had a public blockchain or a verifiable mining process; it was a private database controlled by the company.
While some obscure sites may still use the name "OneCoin," the original project founded by Ruja Ignatova has been dismantled by law enforcement globally.
: Authorities in numerous countries, including Germany, Italy, and Thailand, issued cease-and-desist orders or labeled it an illegal digital currency years ago. 2. Legal Status and Prosecution