DAG COIN- INVESTMENT OR CHEATING? Cover Image
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DAG COIN- INVESTIȚIE SAU ÎNȘĂLĂCIUNE?
DAG COIN- INVESTMENT OR CHEATING?

Author(s): Nicoleta-Mihaela Şişoe, Sergiu Adrian Vasile
Subject(s): Law, Constitution, Jurisprudence, Civil Law
Published by: Universul Juridic
Keywords: on-line; investment; crypto currency; Ponzi scheme;

Summary/Abstract: Nowadays the possibility of acquiring crypto currencies is omnipresent from various coins. Dagcoin is one of them and its self-defined mission is to create an alternative to the normal usage of crypto currencies especially on the Asian market where it would help people who do not use the banking system to buy their desired products. Dagcoin ̉s selling proposition is one that raises many suspicions. It proposes the sale of fictional educational programs which in return gives the buyers also an amount of Dagcoin. The currency is not listed like other traditional crypto currencies such as Bitcoin and its similarities with Onecoin, the crypto currency that proved to be a major Ponzi Scheme, make Dagcoin seem as on if its clones. However, the legal authorities have major difficulties in bringing to justice the founders of Dagcoin due to the technical legal limitations. Dagcoin is registred as a seller of online courses and in this respect this activity is not illegal, but it is a front for covering hard-to-prove Ponzi scheme frauds.

  • Issue Year: 2018
  • Issue No: 01
  • Page Range: 79-83
  • Page Count: 5
  • Language: Romanian