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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://www.cryptocoinsnews.com/onecoin-labelled-pyramid-scheme-fined-e2-6-million-italy/",
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      "body": "An Italian consumer watchdog has sanctioned a number of companies for using pyramid sales tactics in promoting OneCoin, a purported digital currency scheme widely seen as a scam.\n\nThe Italian AntiTrust Authority (IAA) has imposed a fine of € 2,595,000 on a group of companies promoting the purchase of OneCoin. The companies are accused of providing incorrect information about the product to consumers, with their sales system having characteristics of ‘pyramidal features’ according to the IAA.\n\nSpecifically, the sanctions are enforced against One Life Network Ltd and its companies as well as the registrants of a number of domain names including onecoinsuedtirol.it, onecoinitaliaofficial.it, onecoinitalia.com. The misleading promotional activity was to sell training packages where investors were promised virtual ‘OneCoins’ through cryptocurrency mining. As reported earlier, OneCoin has been accused of not being a cryptocurrency at all, in using and SQL script instead of a blockchain to generate coins.\n\n“[T]he purchase of the €27,530 package would have allowed a value of €3,000,000 after just two years of joining the program,” the authority wrote, underlining One Life’s business proposal as a “false high-profit prospect.”\n\nThe Italian consumer authority also revealed details of its investigation into the operative ways of OneCoin, stating:OneCoin’s dissemination took place through a pyramid sales system as recruitment of new consumers was the sole purpose of sales activity and was strongly encouraged by the recognition of various bonuses, the only real and effective remuneration of the program. The purchase of the training kit in fact concealed the entry fee required to enter the system and convince other consumers of the goodness of the product.\n\n“In fact, the OneCoin cryptocurrency, which was not possible to verify existence and consistency, was the pretext for a system that exclusively aimed at (and was supported through) the inclusion of other consumers,” the IAA added, tellingly.\n\nItaly joins a growing list of countries in Europe and around the world to crackdown on OneCoin. In India, police have identified and arrested 30 OneCoin promoters since April with charges filed against 22 individuals. The alleged pyramid scheme, which has raked in some $12 million from investors in the country, was firmly classified as a ponzi scheme by an Indian police official last month.\n\nIn Finland, law enforcement authorities have launched an investigation into OneCoin this month after receiving a number of complaints from private individuals and tax authorities.\n\nFeatured image from Shutterstock. source of new https://www.cryptocoinsnews.com/onecoin-labelled-pyramid-scheme-fined-e2-6-million-italy/![Screenshot_1.png](https://steemitimages.com/DQmRJ8gJNi4J1q3h2G7aK933v1virsGhSBpNvQztpfgdbhL/Screenshot_1.png)",
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      "body": "PAYING Since 2009...\nTired from scam HYIP and MLM..? Would you like to earn 4-6% weekly profit with insurance protection..? .! QUESTRA WORLD ATLANTIC GLOBAL ASSET MANAGEMENT\n\nWHY CHOOSE QUESTRA WORLD / AGAM\nQUESTRA WORLD EXCESS:/ BENEFIT\n✔ Profit 4-6% per week for 1 year each portfolio\n✔ 100% Passive Income: You do not need to sell products\n✔ 100% Passive Income: You do not need to recruit members\n✔ The Company is active more than 28 countries with the headquarters in Madrid Spain\n✔ Excellent Regulated from British Virgin Island (BVIFSC) \n✔ 25 Manager working for us / Investors.\n✔ Have experience of over 7 years of success in their field\n✔ Investing insured more than 70 million euros\n✔ Career reward up to 11- level agency director\n✔ Have a giant partnership Ecobank, Bloomberg, etc.\n• Payment Options Bitcoin, Adcash,Perfect money and Okpay\n✔ Partner / investor gets written contract will sent home\n✔ Partners get a Ecobank VISA card can be used for shopping and cash withdrawal at all ATMs bearing the VISA worldwide. \n¶ Minimum investment 90 euros and maximum 21870 euros\n   Sign up here using the link:https://private.atlanticgam.es/#/sign-up/partner=P09201493810086                    \n  https://t.me/joinchat/AAAAAA6kMlANwZONuYCN-Q                                                                                           \nwatch this video: https://www.youtube.com/watch?v=7jl6rEIrEJc\nWhen entering phone number use your international dialing code e.g +country cod +phone",
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      "body": "The era of near-instant international retail bank transfers, powered by blockchain technology, is taking shape.\n\nGet exclusive analysis of bitcoin and learn from our trading tutorials. Join Hacked.com for just $39 now.\n\nThe first blockchain-enabled instant remittance service between Japan and Thailand is rolling out today. Launched by Thailand’s Siam Commercial Bank (SCB) in collaboration with Japan’s SBI Remit over Ripple’s blockchain, the service will help establish a new payments rail between the two countries. The Thailand-Japan remittance corridor sees approximately $250 million transferred each year, with some 40,000 Thai nationals living in Japan.\n\nTwo to Five Seconds\n\nThe commercial blockchain feature will enable individual funds transfers from Japanese Yen to Thai Baht between the two banks. Siam Commercial Bank claims that a transaction, once triggered, will see funds deposited in the recipient’s savings accounts in Thailand within “two to five seconds”, compared to the current ‘2-business days’ norm for payments between the two countries.\n\nSBI Remit director Nobuo Ando underlined the need to enhance existing remittance services to make them faster and cheaper for its retail customers.\n\n“In this case, Ripple was impressive in concept and turned out to be more so in practice,” he added. “Furthermore, we can expect to have more favorable foreign exchange opportunities as Ripple’s network expands.”To this end, the Siam Commercial Bank – incidentally Thailand’s first bank – is also planning a rollout of the Ripple-powered blockchain service to other key remittance corridors across North America, Europe and Asia Pacific.\n\nThe aim, as stated by SCB’s strategy chief Dr. Arak Sutivong, is to “power real-time payments for our customers, whose families oftentimes depend on the availability of these funds for basic needs – time is of the essence to them.”\n\nBlockchain Bank Transfers on the Horizon?\n\nRipple’s blockchain, the Ripple Consensus Ledger (RCL), has previously been used in a number of remittance pilots including an instant-money transfer between Spain and Mexico in April this year. Back in July 2016, a trial of a Ripple blockchain payment from Canada to Germany took 20 seconds whereas a separate cross-border transfer from Standard Chartered took 10 seconds in September.\n\nRipple notably launched an interbank blockchain group – comprising of some of the world’s biggest banks – called the ‘Global Payments Steering Group’ in September last year. The working group is tasked to create and maintain rules for the Ripple ledger. Earlier this year, Japan’s biggest bank, MUFG, joined the working group with Ripple announcing its intention to facilitate commercial global bank money transfers over its blockchain by 2018.\n\nToday’s blockchain remittance roll-out is touted by Ripple as “the first commercially-available remittance service” powered by its blockchain.                                                                                                                                                                                                                              sources of news  https://www.cryptocoinsnews.com/launched-ripple-blockchain-powers-bank-payments-thailand-japan-2-5-seconds/amp/\n\nFeatured image from Shutterstock.![Screenshot_2.png](https://steemitimages.com/DQmeEaz5XcgbaUBrL4Sstwh4AeZVsJjC2T4XBk8EBD5nVaw/Screenshot_2.png)",
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      "title": "Launched: Ripple Blockchain Powers Japan-Thailand Bank Transfers in 2 to 5 Seconds"
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