Digital currency OTC fraud

1.

It is illegal to buy and sell digital currency in China

according to the announcement on preventing the financing risk of token issuance jointly issued by the central bank and other seven ministries and commissions, the announcement points out that any so-called token financing trading platform shall not engage in the exchange business between legal currency and token and "virtual currency", and shall not buy or sell tokens or "virtual currency" as the central counterparties, It is not allowed to provide pricing, information intermediary and other services for token or "virtual currency"

the announcement points out that token issuance financing refers to the so-called "virtual currency" raised from investors through illegal sale and circulation of tokens. In essence, it is an unauthorized illegal public financing behavior, suspected of illegal sale of token tickets, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities

extended information:

the central bank said that the so-called "digital currency" in the market is not legal digital currency:

the central bank's monetary Bureau issued a "risk warning on issuing or promoting digital currency in the name of the people's Bank of China" on its official website, saying that recently, indivial enterprises falsely use the name of the central bank, The relevant digital procts are labeled as "authorized issuance by the people's Bank of China", or the central bank's digital currency promotion team is falsely claimed, in an attempt to deceive the public and take the opportunity to make huge profits

the central bank said that the central bank has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency. The central bank also suggested that the so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud

in fact, virtual currencies such as bitcoin and lightcoin are representatives of the so-called digital currency. The central bank said in 2016 that it was studying China's legal digital currency. Yao Qian, director of the digital currency Research Institute of the people's Bank of China, previously told the media that the prototype scheme for the central bank to issue legal digital currency has completed two rounds of revision, and is expected to be tested in relatively closed application scenarios such as the bill market in the future, but there is no clear timetable for its launch

2. Yesterday, when selling coins in Huo coin OTC, almost all businesses will card you for 20 minutes without paying. During this period, it's useless for you to urge. They will wait and see the price. If the price falls, they will cancel the order, and you will lose your life. Because they can cancel 60 times a month and kill you. When the price goes up, I will pay you at the last moment and urge you to release the money. Anyway, the rules are rubbish, and your complaints are useless. Customer service are all fake feedback. They are all clear about the situation, and they don't know if there is any good solution. From the night to the morning, I changed four businesses, and the front V-belt businesses didn't sell. I also served this garbage platform.

3. OTC refers to digital currency. The top ranking platforms can be used, such as celletf (celletf. IO). I hope it can help you.

4. It depends on what kind of exchange it is. There is no problem with the big ones, such as the coin net in the fire coin net. It is suggested to be careful with some small platforms. If satisfied, please accept

5. This means that the direct transaction between digital currency and RMB or (usdt)
Hot currency OTC is the most reliable

6. Okex is a good platform with high security and the largest trading volume in the world. It supports multi currency leverage trading, legal currency trading and contract trading.

7.

According to the report, the roller coaster price fluctuation of bitcoin is unpredictable. It reached an all-time high of $20000 in December last year, and then fell to $10000 within one month

According to a new research report released by

Research Institute canaccord genesis, the historical price of bitcoin shows that after several months of integration, the price of bitcoin will continue to rise rapidly for several weeks

In fact, bitcoin is not the only one. Ethereum, the second largest digital currency, has risen by 56% in two weeks after falling to a low of $565 on February 6

8. Leverage trading, as the name suggests, is to use small amount of funds to invest several times the original amount in order to obtain multiple returns or losses relative to the fluctuation of the investment object. As the increase or decrease of margin (the small amount of funds) does not move according to the fluctuation ratio of the underlying assets, the risk is very high

leverage trading is also known as virtual trading and deposit trading. That is to say, investors use their own funds as guarantee to enlarge the financing provided by banks or brokers to carry out foreign exchange transactions, that is, to enlarge the trading funds of investors. The proportion of financing is generally decided by banks or brokers. The larger the proportion of financing is, the less capital customers need to pay

the international financing multiple or leverage ratio is between 20 times and 400 times, and the standard contract in the foreign exchange market is RMB 100000 per hand (which refers to the base currency, that is, the currency before the currency pair). If the leverage ratio provided by the broker is 20 times, it will cost RMB 5000 per hand (if the currency of the transaction is different from that of the account guarantee gold coin, It is necessary to convert the amount of deposit; If the leverage ratio is 100 times, a margin of 1000 yuan is required for the transaction. The reason why banks or brokers dare to provide a larger proportion of financing is that the daily average fluctuation of the foreign exchange market is very small, only about 1%, and the foreign exchange market is continuous trading. With perfect technical means, banks or brokers can completely use less margin of investors to resist market fluctuations without having to bear their own risks. Foreign exchange guarantee metal is used for spot trading, and has some characteristics of futures trading, such as trading contract and providing financing, but its position can be held for a long time until it is voluntarily or compulsorily closed