UBG digital currency scam
Article 7 the following acts belong to pyramid selling:
(1) organizers or business operators, through developing personnel, require other personnel developed by the developed personnel to join in, and calculate and pay remuneration (including material rewards and other economic benefits, the same below) to the developing personnel based on the number of personnel developed directly or indirectly to seek illegal benefits
(2) the organizer or business operator, through the developer, requires the developed person to pay fees or pay fees in disguised form by way of subscribing for commodities, so as to obtain the qualification of joining or developing other persons to join and seek illegal interests
(3) the organizer or business operator, through the development personnel, requests other personnel developed by the development personnel to join, forms the relationship between the upper and lower line, and calculates and pays the online remuneration based on the sales performance of the lower line, so as to seek illegal interests.
Xiaoyi is a decentralized network protocol based on blockchain technology, which digitizes the assets and interests of the physical world, and carries out financial business such as registration and issuance, transfer transaction, clearing and delivery through point-to-point network. The community operation officer or technical reserve cadre who can contact Xiaoyi is different from the blockchain concentric mutual aid platform. Theoretically, Xiaoyi can be used in equity crowdfunding, P2P online lending, digital asset management, intelligent contract and other fields. Xiaoyi uses blockchain technology to complete the asset registration, transfer transaction, clearing and delivery. By digitizing the assets, the property rights of any entity assets become programmable. Through the atomic level transaction and real-time delivery characteristics of blockchain technology, the operating cost and ecological chain of securities transaction are greatly reced. Today, Xiaoyi officially met with the public. In the official website officially online at the same time, small ant also want to understand the user seriously prepared a white paper, detailed description of the small ant technology implementation scheme logic.. Xiaoyi is an open source system. It follows the MIT Kaiyuan protocol. If you are interested, you can download, or modify it on GitHub to generate a new version.
the central network information office of the people's Bank of China, the Ministry of instry and information technology, the State Administration for Instry and commerce, the China Banking Regulatory Commission and the China Securities Regulatory Commission
the announcement on preventing the risks of token issuance and financing
2. No organization or indivial shall illegally engage in token issuance and financing activities
from the date of this announcement, all kinds of token issuance and financing activities shall be stopped immediately. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects.
It can not be said to be a fraud, but there are certain risks, because digital gold currency is a form of physical currency, and its deposits are measured in gold rather than legal currency. Therefore, the purchasing power fluctuation of digital gold currency is related to the gold price. If the price of gold goes up, it becomes more valuable. If the price of gold goes down, it loses value
since there is no specific financial regulation to regulate digital gold money suppliers, they operate in a self-regulation way. Digital gold money suppliers are not banks, so banking regulations are not applicable
extended data
to explore the connotation of digital currency, we must clarify some concepts of model lake. For example, is it legal digital currency dominated by the central bank or illegal private fixed digital currency; Encryption of digital currency or electronic currency; Is it "selling dog meat with sheep's head"; "Bad money"
new technology does make the conceptual boundary of money more blurred. Theoretically speaking, the new monetary economics points out the possibility of the disappearance of money, that is, legal paper money is no longer the only medium of transaction, and is eventually replaced by financial assets issued by the private sector that generate monetary income
in reality, although the status of fiat money is still unshakable, there have been various local scenes of private money in history, such as the universal warra system in Germany in the 1920s. Now the digital currency with the characteristics of decentralization makes the challenge of private currency increasingly prominent< br />
warm tips: investment should be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate or not
response time: October 23, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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