Dr. Roja gave lectures in many countries of the world to promote the "One Coin" coin

If there is an area that needs to be re-promoted, digital currency will come out on top.

News of fraud and fraud is constantly being reported, from the piracy of currency exchanges to the disappearance of one of the issuers of the currency after the theft of clients' money. The US Security and Exchange Service issued a decision on Monday, convicting a woman, who founded an online store to sell adult products, of fraud by issuing digital currencies.

This case relates to tens of thousands of dollars, which is a pittance compared to the largest fraud case, which was known as the monster of fraud by digital currency.

The BBC documented the story in the documentary "The Missing Digital Queen", of the woman behind the "One Coin" coin, which convinced investors around the world to pay sums totaling $ 4.9 billion. Investors contributed to what was promoted as a new vision of money, presented by Dr. Roja Ignatova, in a series of events around the world. One of them was at Wembley Stadium in London in 2016.

Dr. Roja, as her audience knew her, was addressing the crowd and informing them of the progress that One Coin was making, and that she was on her way to outperform and acquire Bitcoin, and to eliminate "all the counterfeit currencies that imitate our idea." Many were convinced of the idea, including the star of one of the radio programs on the Internet, a Scot from Glasgow, as she invested ten thousand euros in the company that offered the currency, based in Bulgaria. She also convinced her family to invest 250,000 euros. But in 2017, Dr. Roja disappeared, and no one has seen her since.

An investigation by the program’s authors revealed the extent of the success of "OneCoin" in spreading its message around the world. Company documents show that individuals from 175 countries invested their money in the company. Also, most of the investments were raised during the six months of 2016, during a tour by Dr. Roja. The UK resident's investment in this period amounted to £ 26 million. The program team states that the total British investment in this currency amounted to 96 million pounds.

The documents also show that China alone contributed about 427 million euros in 2016, and it turns out that a large number of investments came from South Korea, Hong Kong, and Germany. Poor countries were not lost on the scene, as investors from Vietnam, Bangladesh and Uganda participated in quite a few sums.

Today, after the terrible decline in the value of digital currencies, and the manifestation of their failure to fulfill the promises they made to customers (even if they were not due to fraud), the word "digital" has become a threat to any new project.

This idea came to my mind while attending an introductory session on Facebook about his new digital currency, "Libra." The session was about a collective partnership of 28 entities, including Visa, PayPal, Uber and Spotify, which will join Facebook in launching the new currency. The idea has already met with a lot of opposition. The president of the association, Bertrand Perez, says that much of this opposition is due to the word "digital". This large partnership could have devised a new method of payment, so that it was not a digital currency and not based on the idea of ​​a closed chain.

However, there is insistence on the idea of ​​the closed chain as a basis for the "Libra" project, as it is less prone to fraud, fast, and efficient, "as this technology will be the future of sending and receiving money." The irony is that this was exactly the message that Dr. Roja promoted to the attendees at Wembley Stadium, that "One Queen" will be "infinite, safe, and easy to use."

Certainly, Libra provides a different kind of service, as it is backed by heavy and reputable institutions, and has pledged not to launch the currency until the legislators are satisfied. But the real struggle will be to convince governments that this currency will not be an area for money laundering activities, or pose a threat to economic stability. Returning to "One Coin", the issuing company rejects all accusations of fraud, saying that it "fulfills all the requirements of the digital currency." It also says that the radio program "will not provide real information, and it cannot be considered objective and impartial." The company also says that there are those who are standing up to the accusations that are being promoted globally. “Our partners, clients and lawyers have succeeded in confronting this global movement (against the company), and we are sure that our vision for a new system based on a“ financial revolution ”will prevail.”