Legal Ethereum declared by court

1. At present, there is no objection to indivials holding cryptocurrency in China, but it is not allowed to trade or exchange in kind, that is to say, it is allowed to hold but not to circulate

2.

It does not belong to MLM

Ethereum is an open source public blockchain platform with smart contract function, which provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum

the concept of Ethereum was first proposed by vitalik buterin, a programmer, from 2013 to 2014, inspired by bitcoin, to the effect of "next generation cryptocurrency and decentralized application platform", and began to develop through crowdfunding in 2014. The market value of Ethernet currency is second only to bitcoin, and it is the second largest encrypted digital currency in the world

extended data

bitcoin has created the first decentralized cryptocurrency, and has fully tested the feasibility and security of blockchain technology in more than five years. In fact, bitcoin's blockchain is a set of distributed database. If a symbol bitcoin is added into it and a set of protocol is specified, the symbol can be transferred safely on the database without trusting a third party. The combination of these features perfectly constructs a currency transmission system bitcoin network

however, bitcoin is not perfect, and the scalability of the protocol is a deficiency. For example, there is only one symbol in the bitcoin Network - bitcoin, and users can't customize other symbols. These symbols can represent the company's stocks or debt certificates, which will lose some functions

In addition, a stack based scripting language is used in bitcoin protocol. Although this language has some flexibility to realize functions such as multi signature, it is not enough to build more advanced applications, such as decentralized exchanges. Ethereum is designed to solve the problem of insufficient scalability of bitcoin

3. What the platform does is the price spread trading of eth (ether currency) on various trading platforms all over the world. It uses a variety of trading strategies to match and trade between currencies, such as ether currency / bitcoin, ether currency / US dollar, and other counterfeit currencies. On the basis of professional investment management of ethtrade, it can make your investment increase up to 25% per month.

4. Both of them are not compliant. It is estimated that the platform will be closed before it is sealed up

5. 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.

6. If you have evidence, you can sue!

7. There are hundreds of digital currencies on the market. Apart from bitcoin and Ethereum you mentioned, there are also Leyte, ecell, reborn and TEDA coins with good reputation.

8. You can sue
if you can't get the borrowed things back, you should first consider the reasons why you can't get them back. If you can't solve the problem through negotiation between the two parties, you can sue through legal proceres, and the court will try and decide to return them according to law.