cryptocurrency company

Cryptocurrency under investigation in Samoa denies wrongdoing

Samoa's Central Bank is probing churches, businesses and individuals in connection with OneCoin, which it's labelled a ponzi scheme.

OneCoin is alleged to have used New Zealand to funnel millions of dollars into Samoa, where a strict ban on the digital currency is in place.

The Central Bank announced investigations after receiving a report from New Zealand police into OneCoin and has said it may sue the company.

But in an email, OneCoin said no one had the authority to operate on its behalf in New Zealand and Samoa.