 On 28 April 2017, Bank of Thailand issued a warning against OneCoin, stating it was an illegal digital currency and that it should not be used in trade.On 29 May 2017, International Financial Services Commission of Belize (IFSC) issued a warning about OneLife Network Ltd conducting trading business without license or permission from "IFSC" or any other authority.OneLife Network Ltd was directed to cease and desist from carrying on with the illegal trading business.