Monitoring of digital currency transactions in Hong Kong

1.

Basic routine: the "trading market" of MLM digital currency is basically controlled by specific institutions. In order to attract investors' investment in the early stage, the currency price may be very high. Once the time is ripe, it will be sold intensively, and the price will plummet, and the investors will lose all their money

There are three characteristics of digital money MLM:

1. Digital money is a real proct, and it is highly packaged

2. The participants can get a head pulling reward, and the prize is the digital currency itself

3. Digital currency will appreciate with the increase of participants in the scam. In the cycle of digital currency appreciation, the number of participants who can obtain digital currency will also increase, and the participants, including the lowest level participants, will also gain, but in the cycle of devaluation, the bottom level participants often lose a lot

in 2017, the Internet Finance Association of Jiangsu Province issued the "internet pyramid selling identification guide", which named 26 so-called digital currencies as illegal pyramid selling projects covered or suspected to be covered with digital currency. They are: treasure money, Baichuan money, SMI, MBI, mark money, Diablo money, mmm, Fuda compound wealth management, carat money, V treasure, Vicat money, petroleum money, Huaqiang money, CB aiib Hong Kong Group, Yuansheng, Morgan money, beta money, WorldCom, u money, Jubao, 21st century fox, Wanxi wealth management, Wanfu money, Wuxing money, Yi money, Zhonghua money, etc

extended materials:

five ways to distinguish whether digital currency is pyramid selling currency:

1. Issuance mode

virtual currency does not rely on specific monetary institutions. It is proced by a large number of calculations according to specific algorithms, and is a decentralized issuance mode. Each different terminal node is responsible for maintaining the same account book, and the maintenance process is mainly to package and encrypt the transaction information by the algorithm, while the MLM currency is mainly issued by a certain organization, and the profit is made by pulling the head

2. Transaction mode

virtual currency is a kind of sporadic transaction spontaneously formed in the market, which is graally completed by a third party establishing an exchange after the scale is formed. The MLM currency is issued by an institution and traded on its own platform

3. Implementation method

virtual currency itself is an open source program, which is maintained in GitHub community. The parameters and methods of the total amount limit are shown in the open source code. The open source of MLM currency is completely ing other people's open source code, and there is no use of open source code to build programs, so its essence is controlled by the website like Q currency

4, whether to give the source code link

General decentralized digital currency will give the source code link in the prominent position of the official website, so as to show the operation mechanism of the monetary system openly and transparently. The MLM currency focuses on the transaction process of recharge purchase, but does not mention its operation mechanism. Even the website does not have the link address of the source code

5, whether the official website starts with HTTPS

generally, the addresses of the official website and trading website of decentralized digital currency start with HTTPS, and the purpose is that this kind of website can well protect the user's data from illegal theft. But the official website of MLM currency, trading website and other related websites do not start with HTTPS

2. We can't find much information on the Internet. The Hong Kong digital currency exchange should be a digital currency trading platform. The specific address is not clear. Never heard of it in the coin circle. However, Hong Kong trading does exist
Hong Kong Exchanges and Clearing Limited (HKEx) is a major global exchange group and a holding company listed in Hong Kong. It operates exchanges in Hong Kong and London, Its members include the stock exchange of Hong Kong Limited, the Hong Kong Futures Exchange Limited, the Hong Kong Central Clearing Company Limited, the stock exchange of Hong Kong Options Clearing Company Limited and the Hong Kong Futures Clearing Company Limited, as well as the London Metal Exchange (LME), the world's leading base metal market
there are many digital currency trading platforms, such as bitage, jucoin and Yuanbao. Anbang exchange only supports tokens issued by European crowdfunding projects.

3. From a policy point of view, it is definitely illegal in China. It is not allowed to set up a digital currency exchange in China, even if it is registered abroad and operated in China. However, there are many exchanges of this kind. If they are not strictly checked, they still have to go to the big exchanges.

4. still early. At present, it has not been decided which exchanges will join the sandbox. Coinsuper has indicated that it wants to join the sandbox supervision. According to the report of Pember, coinsuper is considering joining the sandbox, and other exchanges have not yet made a statement.

5. At present, there is no clear regulatory department for such platforms

6. It's suggested to invest cautiously. This is a virtual currency. If you don't choose it, your efforts will be wasted. You can open your head and exchange your nickname,

7. 1. Security system: Hot wallet, operation wallet, cold wallet three-tier wallet system, DDoS Defense, distributed structure, flow cleaning, intelligent blocking, penetration and intrusion prevention, daily security, operation and maintenance system, background operation administrator account setting, etc.
2. Risk control system: strict risk control system, asset abnormal alarm, timely detection of risk events, customizable script, Real time observation platform data. Intelligent monitoring of asset circulation, abnormal alarm, withdrawal blocking. The exchange looks simple, but when it comes to development, there are still many needs to be sorted out. We've been doing this for 12 years, so it's clear

8. Generally speaking, the price of forward contract is higher than that of recent contract, which is also called forward market. The higher part is the storage fee. The trend of the same variety in different months is basically the same, and there will be no serious deviation from the scene. As for why the trend chart is not exactly the same, it is because their trading volume difference is too large, resulting in different price fluctuation range, that is, the so-called main contract. Generally, the funds of institutions will be biased towards the main contracts with large price fluctuations, thus procing higher profits
in another case, that is, under special circumstances, when the delivery date is approaching, some institutions will force positions on some procts. Although it is a small probability, once it happens, it will be dead everywhere.

9. At present, there is no regulation on digital currency transaction in China
however, it is strongly recommended not to play with foreign platforms, which are easy to be hacked and frozen
for domestic platforms, please identify three major platforms: okex, fire coin and coin security
more questions about digital currency can be left!

10. This is a liar, you can report!