Ethereum direct sales

1. That is, MLM (without any physical goods and investment procts in essence)
direct selling, secondary, tertiary or provincial or municipal level, through temptation, to attract people to join MLM refers to: popular point refers to the behavior of selling or promoting goods as the name, county-level and other regional agents, and collecting membership fees as the main way of profit: the sales system built by groups or enterprises, Indivial or team development at the national level

2. Pyramid selling refers to: in the name of selling or promoting goods, the popular point is to attract people to join the association through temptation and collect membership fees as the main way of making profits, that is, pyramid selling (without any physical goods and investment procts in essence)
Direct Selling: a sales system built by a group or enterprise, which develops the first, second, third, provincial, municipal, and local level businesses with indivials or teams County level and other regional agents, physical settlement, according to their agency level to obtain unequal proportion of commission,

3. There is no entry or no entry for the hype of virtual currency. Virtual currency is a kind of high-risk and high-yield investment proct in China, so investment should be cautious! We need to pay attention to the following points when investing in virtual currency:
1. Whether this kind of currency has a good application scenario planning, such as Ruitai currency and thousand gold card
2. Whether it can be traded at any time and whether there is a trading platform
3. Whether the information of the development and operation team is open and transparent
4. Direct currency, subscription currency, split currency and compound currency are recommended.

4. You can identify whether this enterprise is suspected of pyramid selling according to the three standards of the "Regulations on the prohibition of pyramid selling". If their actions comply with the regulations, they can go to the official website of the Ministry of Commerce to check whether the enterprise has been approved by the Ministry of Commerce and obtained a direct marketing license. If not, then it can be determined that this is a pyramid scheme, which is illegal.

5. Suitable for early play, half a year should withdraw, this has the suspicion of money running, now the network financial management is not like this? It depends on who is at the bottom

6.

Virtual currency is legal in China, but it is illegal to use virtual currency to engage in illegal activities

the notice on the prevention of bitcoin risks issued by the people's Bank of China and other five ministries and commissions clarifies the nature of bitcoin, and holds that bitcoin is not issued by the monetary authority, has no monetary attributes such as legal compensation and compulsion, and is not a real currency

in nature, bitcoin is a specific virtual commodity, which does not have the same legal status as currency and cannot and should not be used as currency in the market

however, as a kind of commodity trading on the Internet, ordinary people have the freedom to participate in bitcoin trading at their own risk

according to the notice, the bitcoin Internet website, as the main trading platform of bitcoin, should be put on record in the telecommunications administration according to the provisions of the Telecommunications Regulations of the people's Republic of China and the measures for the administration of Internet information services

at the same time, in view of bitcoin's high risk of money laundering and being used by criminals, the notice requires relevant institutions to earnestly perform legal anti money laundering obligations such as customer identification and suspicious transaction report in accordance with the requirements of the anti money laundering law of the people's Republic of China, so as to effectively prevent bitcoin related money laundering risks

extended information:

the notice requires that at this stage, all financial institutions and Payment institutions shall not price procts or services with bitcoin, buy or sell bitcoin as a central counterparties, underwrite insurance business related to bitcoin or include bitcoin into the scope of insurance liability, Shall not directly or indirectly provide customers with other services related to bitcoin, including: providing customers with bitcoin registration, trading, clearing, settlement and other services

accept bitcoin or use bitcoin as payment and settlement tool; Carry out bitcoin and RMB and foreign currency exchange services; Carry out bitcoin storage, custody, mortgage and other services

issue financial procts related to bitcoin; Take bitcoin as the investment target of trust, fund, etc