Illegal fund raising of bitcoin on the Internet

1. Because bitcoin is legal in China, the central bank defines it as a special Internet commodity. Zhou Xiaochuan, the governor of the central bank, believes that bitcoin, like stamps, is a tradable asset. Bitcoin home has a full text interpretation. If the dispute caused by the station closing does not involve fraud or cannot be proved to be fraud, it can be solved through negotiation, and the victim's fund can be returned and the corresponding compensation can be made. If there is evidence to show that this is indeed fraud, the consequences will be serious. If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment and shall also be fined or be sentenced to confiscation of property More than 500000 is a huge amount.

2. Whoever swindles public or private property, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance and shall also, or shall only, be fined; If the amount is huge or if there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than 10 years and shall also be fined; If the amount is especially huge or if there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment and shall also be fined or have his property confiscated.

3. Illegal fund-raising is not a real virtual currency. A very significant feature of deceiving "virtual currency" is the unilateral rise of investment income. The total amount of real virtual currency is limited, and the price fluctuates. However, the price of virtual currency under the illegal fund-raising scam tends to rise unilaterally, and the assets of investors' books have been increasing. Once the scam can not continue, These fake virtual currencies are worthless, and investors have nothing to lose. At present, in addition to bitcoin, there are eth Ethereum, usdt TEDA, inmi and other regular currencies.

4. Different pass conversion or cross chain requires service charge, which is very low.

5. Blockchain network has made a clear report. The relevant personnel have dealt with it.

6. It's not a question of whether or not... Take a look at the price of bitcoin for yourself

7. The characteristics of fund-raising
1. Fund raising without the approval of relevant departments according to law, including those without approval authority
cross provincial illegal fund-raising
departments with approval authority approve fund-raising beyond their authority, that is, the fund raiser does not have the subject qualification of fund-raising
Second, promise to repay the principal and interest to the investor within a certain period of time. Besides currency, there are also physical and other forms of debt service
Third, to raise funds from non-specific social objects. Here, the "unspecific target" refers to the public, not the specific minority< Fourth, cover up the essence of illegal fund-raising in legal form. In order to cover up their illegal purposes, criminals often sign contracts with investors (victims), disguise as normal proction and operation activities, and maximize their ultimate purpose of obtaining funds by fraud

if the above four conditions are met at the same time, it constitutes illegal fund-raising.

8. It has been reported for a long time,
the state does not allow the issue of bitcoin,
so companies selling bitcoin are illegal fund-raising.

9. Domestic does not admit, fluctuation is very big!

10. At present, there is no clear legal basis to prove the legality of bitcoin investment in China, and there is no clear law to prohibit the development of bitcoin. However, bitcoin investment also has great legal risks under the appearance of high returns. Because bitcoin is only a technology and method, there is no saying whether it is a hoax or not. However, different bitcoin investments may be a hoax or a crime according to their different forms
first of all, e to its lack of supervision, its circulation and trading forms are mostly similar to the issuance and listing of securities, and there is the behavior of setting up an exchange for trading. Its trading process and trading results are not transparent, so it is difficult to regulate when encountering problems. Moreover, its price formation mechanism is not transparent, and the trading price fluctuates greatly, which is easy to make investors suffer huge losses
secondly, because it has not been approved by the central bank, it can not be used as currency in China. Once it is subject to policy supervision, it is likely to encounter the risk that no one will take over the offer and the price will plummet, and the property law does not clearly protect the corresponding provisions of digital currency. Therefore, it is very dangerous to speculate on bitcoin, which is equivalent to streaking in the cold winter
finally, although bitcoin is not illegal, it can not be ruled out that bitcoin, as a currency outside the supervision, is used by a few fraudsters and illegal fund raisers as a tool for crime and money laundering
therefore, it is recommended to participate in bitcoin investment cautiously to avoid irreparable losses.