The Central Bank of Oman has issued a securities fraud warning against DagCoin.

As per the Central Bank’s October 6th warning;

Cenral Bank of Oman is once again cautioning citizens and residents from the use, holding and trading of cryptocurrencies (such as Dagcoin), and the potential financial, operational, legal, customer protection and security related risks that are associated with such schemes.

The Central Bank of Oman advises that it has not given any license/authorization to any entity to operate such schemes or deal with cryptocurrency or any similar virtual currencies.

This is the equivalent of a securities fraud warning in other jurisdictions.

DagCoin is a OneCoin Ponzi spinoff created by former European OneCoin promoter Nils Grossberg.

Mimicking the set up of OneCoin and OneLife, DagCoin is marketed through “Success Factory“.

Also like OneCoin, DagCoin is not registered to offer securities anywhere in the world and solicits investment illegally.

Next month Ted Nuyten’s BusinessForHome is running a “growth conference”.

Igor Alberts and Andreea Cimbala, top net-winners in both DagCoin and OneCoin, are scheduled to celebrate their notoriety at the event with other speakers.

According to BusinessForHome’s unverified rankings, Alberts and Cimbala are currently stealing $2.8 million a month through DagCoin.

As per his LinkedIn profile, Nils Grossberg is based out of Estonia. Alberts and Cimbala reside in the Netherlands.

To date authorities in either country have failed to take any action against them for either OneCoin or DagCoin.

Alexa traffic estimates reveal DagCoin is currently being promoted in Iran, Jordan and Palestine. The top sources of traffic to Success Factory’s website are Russia (24%), Egypt (16%) and the UAE (14%).

Oman borders the UAE. The Central Bank’s warning is likely the result of the Ponzi scheme spilling over the border.