If you consider that most EU equivalents of SEC have issued warnings against OneCoin I would say that counts as a scam. The amazing thing is that OneCoin does

If you consider that most EU equivalents of SEC have issued warnings against OneCoin I would say that counts as a scam. The amazing thing is that OneCoin does not even have a public blockchain or any chain. Probably just an Excel spreadsheet with periodic applying of *2 formula. It is just a regular pyramid which has nothing to do with cryptocurrencies besides the name. I get regular questions from non-technical people who have been asked to "invest" in OneCoin. It is hard to tell people to stay away.