ONECOIN/ONELIFE: OFFICIAL ANNOUNCEMENT REGARDING THE RECENT STATEMENT OF THE ITALIAN ANTITRUST AUTHORITY

To all Italian OneLife IMAs:

We received reports that on December 30th the Italian Antitrust Authority (i.e. A.G.C.M.) released a suspension measure against One Network Services Ltd. and two Italian IMAs, who are registrants of websites, which were reported to have promoted the OneCoin cryptocurrency.

Our Company is not subject or addressee of any measure of provision by the Italian Antitrust Authority, and it is imperative for us to focus on the following points:

The OneLife Network system is absolutely legal according to European and internal law.
All legal countermeasures will be taken where necessary in order to protect the Company’s name and activity.
One Network Services Ltd. has never promoted OneCoin and/or OneLife in Italy or other countries, it is a legal entity entirely different from our Company and OneCoin Ltd.
Furthermore, One Network Services Ltd. is a limited company providing administrative services as subject of declared activity, and it is not involved in any sales/distributing/marketing activity.
OneLife Network Ltd. is a network marketing company engaged in the sale of educational courses regarding the economic branch and cryptocurrencies.
OneLife Network Ltd. asks all its IMAs to review the contracts (IMA and T&C) and adhere to their provisions with absolute precision. Any breach of the aforementioned contracts will be immediately and severely sanctioned.

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