SFC's list of virtual currencies
in order to protect the right of privacy, the specific name will not be released, such as the case of "Wanfu coin of future city" organized and led pyramid selling activities cracked in Xuzhou, and the official name of its leader is Liu Mou Ben
reporters in some "Wan Fu" promotion website and official account, many of the title of Liu, including the president of the global future city group, former vice governor of California, etc., and many pictures of Liu and foreign dignitaries and celebrities. In order to develop more members, Mr. Liu also held a huge investment promotion conference in Bali, Indonesia, Hong Kong and other places, attracting thousands of people from China
Liu also claimed that "Wanfu coin" was approved by the US Securities Regulatory Commission and the China Banking Regulatory Commission and would soon apply for a direct sales license in China. According to police investigation, "Wanfu coin" as a virtual digital currency has no legal basis to apply for direct marketing license in China, which is purely fictitiousaccording to the relevant person in charge of Xuzhou public security bureau, "Wanfu coin" reflects the new characteristics of the current MLM
1. In the name of virtual currency, virtual currency is a new thing for pyramid selling. At the same time, it is attractive under the banner of e-commerce, personal finance and distance ecation, which is not understood by the general public and easy to be deceived
2. Development members on the Internet are all carried out on the Internet, and members can only join the MLM through the website, and the user names used are pseudonyms or code names, and they all have their own login passwords. They chat with each other mainly through wechat. This has changed the traditional mode of setting up a studio and a newspaper center to organize activities, and increased the concealment of MLM
3. Spread on the Internet
the Internet makes the pyramid selling break through the restrictions of regions and national boundaries. The backbone personnel of pyramid selling often set their headquarters abroad, hide abroad and issue orders. It is difficult to arrest, recover stolen goods and get rid of the roots when funds are transferred abroad
according to the police, there are 100 or 200 kinds of "virtual currency" publicized on the Internet, which is hard to distinguish between true and false. The use of virtual currency for illegal fund-raising, pyramid selling, fraud and other criminal activities are frequent, investors should carefully screen
has the final say:
virtual currency network platform features
1, hype "new concept"
virtual currency network platform has very flexible form, often make only superficial changes, many are just made some concepts, all "game rules" are all platform based, there is a very big black box operation space. p>
2. Advocate "zero risk"
"real zero risk, only make no loss financial project", "China's first FC virtual currency is born, will create countless millionaires again"... The reporter saw that on a flyer page of FC virtual currency, there is such a slogan. A "player" told reporters that other "players" also claimed that in the future, a coin can buy a house
In the case of Yiyang network platform, many participants are over 60 years old, and the oldest is close to 80 years old. They usually spend most of their time at home with their grandchildren. They don't understand the Internet, and they listen to others. The elderly have accumulated a certain amount of wealth, and they don't know much about new things, so it's difficult to identify false propaganda, so it's easy to become the target of these network platformsMining pick for clocks and watches: it has a chance to pick the chain gear of clocks and watches (it has a high chance to buy one) and won't wear the same machine
since 2013, the U.S. Department of the Treasury and the securities and Futures Commission have repeatedly emphasized that MSB (money services business) is a financial license issued by FinCEN (financial crime enforcement network, a department under the jurisdiction of the U.S. Department of the Treasury) to supervise businesses and companies related to money services, including cross-border remittance, foreign exchange, etc, Currency transactions / transfers (including digital currency / virtual currency), ICO issuance, provision of prepaid items and issuance of traveler's checks, etc. Companies engaged in the above-mentioned businesses in the United States must apply for MSB license in order to legally conct business
under FinCEN regulations and under the U.S. Patriot Act, MSB is required to register with FinCEN and comply with many different record keeping, reporting and anti money laundering requirements. Registration requirements: according to the Bank Secrecy Act (BSA), when setting up financial services business, MSB needs to register with FinCEN. Registration is more than simply naming a company or paying a simple fee
it involves providing FinCEN with many very important information about MSB, such as the type of business it is engaged in, the financial institutions and bank accounts through which it may trade, the ownership or control of MSB, and the number of different branches and / or agents operating in the United States. Extra care should be taken throughout the registration process to ensure that all deadlines are met and that all information provided to FinCEN is accurate and does not need to be corrected in the future
licensing is of great significance for the current exchange. It can obtain the official permission of the relevant countries, and also reflects the political strength and credit of the exchange itself. Licensing is also a natural screening barrier for the numerous exchanges. For users, compliance operation under regulatory conditions is a great benefit, which means that users' investment will be legally protected.
the MSB (money service provider) license is issued by the financial crime enforcement agency (FinCEN) of the US Treasury Department
the U.S. Treasury and CSRC have clearly emphasized that the virtual currency exchange and its manager are MSB, which are regulated by the Bank Secrecy Act (BSA) and must be registered as MSB in FinCEN, that is, they must be licensed and comply with the anti money laundering and anti terrorist financing regulations
At the same time, FinCEN also said that if the structure of the ICO involves the issue or sale of securities or derivatives, some participants in the ICO may be under the jurisdiction of the SEC or CFTC. In this case, the anti money laundering and anti terrorist financing requirements under the SEC or CFTC regulations apply to these ICO participantscampbx, a bitcoin leveraged trading platform in the United States, announced the acquisition of MSB license, officially stepping into the compliance threshold. Therefore, the acquisition of the MSB license by the United States also means that it can carry out currency transactions in the United States
the advantages and functions of MSB license:
investor recognition
the corporate law and financial instry supervision in the United States are very perfect. With the U.S. license, your digital currency trading platform will be more recognized by global investors
get authoritative approval
get authoritative approval from the U.S. Treasury Department, you can carry out relevant business in the United States and around the world, that is, on behalf of the compliance supervision of digital currency platform
become a first-line platform
MSB license is also a standard license for global digital currency trading institutions. Platforms such as coinbase, bitfinex, poloniex and hotcoin.com all hold this license to operate
diversified services
MSB license allows currency exchange and delivery services, so that you can better meet customer needs and provide more diversified services
"a small step for coinbase and fire money, a big step for digital money." It can be said that this epic good provides a strong foundation for BTC's strong rise in this round
It has to be said that the birth of the first license of MSB digital currency in the United States has also made a good start for the exchange. Next, exchanges in the United States should get more and more licenses, and the trading of digital currency will graally become legal and standardized. It can even be predicted that other countries will also rise this wave to make trade and investment truly borderless, and the inherent characteristics will make finance itself more simple and convenientIn the past six months, ICO has been in full swing, and its financing speed is even beyond the reach of IPO. On July 25, the US Securities Regulatory Commission (SEC) announced that some ICO projects will be included in the regulatory system. What impact will this bring to ICO projects and even the blockchain instry
ICO (initial coinofering) is the behavior of crowdfunding by issuing encrypted tokens. It is a financing method for blockchain companies or autonomous organizations to issue initial encryption tokens and sell them to qualified participants, so as to indirectly obtain funds for project development
sec confirms that it has regulatory power over ICO, which comes from the investor announcement on ICO risk ecation and the investigation report on the ICO project the, which collapsed e to hacker attacks e to code vulnerabilities
According to the report, the SEC concted an investigation into the Dao, one of the ICO projects, in accordance with section 21 (a) of the securities and exchange act of 1934. It is now defined that the Dao token belongs to the category of marketable securities, and emphasizes that the virtual currency or token defined as marketable securities according to the factual situation will be included in the regulatory system of the Securities Regulatory Commission and be subject to the federal securities laws, Whether or not distributed ledger technology is used for distribution and salesaccording to an ICO report recently released by financial research institution automousnext, this financing mode of ICO has accumulated billions of US dollars, and tezos, the, Bancor and other projects have achieved huge financing of US $232 million, US $152.3 million and US $152 million through ICO. In the first half of 2017, as much as 2.6 billion yuan of ICO financing occurred in China
What does it mean for the SEC to bring the Dao token into the scope of regulation? What impact will it have on investors? What will happen to the whole instrial chain of ICO? In this regard, Tencent technology interviewed Mr. Tim Byun, chief compliance officer of okex, the world's leading digital asset service provider
Mr. Tim said that the SEC's report first made it clear that Dao token is a kind of securities asset. The SEC did not indicate that all tokens are securities, but many tokens can be defined as securities according to the four standards of securities on pages 11 to 15 of the securities and Exchange Commission report. In B.3, it is said that investors who buy Dao tokens invest in a general enterprise and hope to obtain reasonable income from the enterprise. Some non security tokens may not meet this standard. For example, the token buyer may expect the right to use an application rather than the benefits
Mr. Tim pointed out that the SEC's move will have four impacts:impact 1: non qualified investors in the United States may no longer be able to invest in ICO projects
for securities tokens, ICO issuers who issue and sell securities in the United States must register with the securities and Exchange Commission or obtain immunity. It also means that under the SEC's regulatory requirements, ICO projects may only be issued to qualified investors or very rich people
Second, ICO issuers may move out of the United StatesIf a token is a security, an ICO issuer that issues and sells securities in the United States must be registered with the securities and Exchange Commission or be exempt from registration. For securities tokens, if ICO issuers do not want to comply with the SEC's regulatory requirements, they can transfer the issuance activities outside the United States, and do not accept the participation of U.S. investors
Impact three: the time and cost of issuing ICO token will increase significantlyfor security tokens, the issuing time and cost of ICO tokens will increase significantly. ICO platform service providers (such as underwriters) can provide services to ensure that ICO activities comply with SEC regulatory requirements, but the cost will increase significantly and the amount of financing will decrease significantly
Impact four: ICO token trading platform will be forced to move out of the United Statesfor securities tokens, the trading platform must be registered in the United States and become a national securities trading platform, or obtain immunity. In the short run, American token trading platforms must remove securities tokens. In the long run, American token trading platforms can move out of the United States and no longer serve American customers
"calm will return after the storm." Mr. Tim said that although many instry participants and observers may disagree with the SEC's report, the US Securities and exchange law cannot be violated; I hope that the US Securities Regulatory Commission will issue another report on non securities tokens, which will make the instry more clear about how to develop. "
Okex is committed to becoming an infrastructure provider of global digital assets, mainly providing global users with services such as transaction between digital assets, OTC, wallet, safe, block tracking, etcAn official of the US Securities Regulatory Commission recently said that although regulators hold a "cautious but open" attitude towards ICO token financing, they will not rule out requiring ICO to comply with us federal securities laws in the future. Jay Clayton, chairman of the SEC, also believes that except for some pure trading intermediaries such as bitcoin, almost all ICOS are securities issuers
Since last October, the SEC of the US Securities Regulatory Commission has focused on the then hot ICO market, believing that companies that raise funds by selling digital currency must abide by the US federal securities law. In early March this year, the SEC issued an official framework document, reminding investors to pay attention to illegal platforms used in digital asset trading, implying stricter regulatory action on platforms not registered with the secsince this year, the SEC of the US Securities Regulatory Commission has taken the initiative to increase the investigation of ICO cases. At the end of January, the SEC found out the digital currency held by arisebank, a Texas digital currency banking company, and held that the issued token eaco was not registered with the SEC and violated the securities law. In February, the SEC launched a review of the $250 million ICO of the tzero alternative trading system of blockchain concept stock overstock, which caused the company's share price to fall by more than 10%. In mid March, the SEC launched an inquiry on digital currency hedge funds to investigate whether there was any misconct. More than 80 companies in the digital currency instry received subpoenas for more information
source: Wall Street
Bus line: No.6, about 8.6km
1. Walk about 280m from Hexi Wangfujing Commercial Square to gezui station
2. Take No.6, pass 11 stops, and reach jiucaiyuan station
3. Walk about 400m to Changsha human resources and social