Onenco was a crypto trading platform (spot, contract and options) offered through an app that has been removed from Google Play. It advertised only a basic money-services registration, not a real trading license, and gave almost no transparency about who runs it.
Stop depositing and save your evidence, meaning screenshots and transfer records. Report Onenco to your regulator and the police, and contact your bank about a possible recall. Steer clear of any “recovery” service that reaches out, because it is a second scam targeting people who already lost money.
No. Onenco held no real trading license, hid who runs it, and its app has been removed from Google Play.
No. An MSB registration covers anti money laundering compliance only. It does not authorize a company to run a trading or investment platform.
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