What is OneCoin (OneCoin)?

Could you please elaborate on OneCoin? As a cryptocurrency and finance expert, I'm interested in understanding the intricacies of this digital asset. Specifically, I'd like to know its origin, purpose, and any notable features that set it apart from other cryptocurrencies. Additionally, I'm curious about its regulatory status and any controversies surrounding it. Understanding the full scope of OneCoin's operations and its position in the market would greatly assist me in evaluating its potential and risks.