Indictment of virtual money pyramid scheme
(1) at present, there is no regulation to regulate the trading platform, but the trading platform should also fulfill the audit obligation. For example, when online trading various network virtual currencies, it should audit whether the currency is a network virtual currency based on blockchain technology
(2) if the trading platform knows that the online trading currency is suspected of MLM, but in order to collect Commission, it also provides trading services for the currency and promotes its development, once the currency is identified as MLM, the trading platform may have to bear certain legal liabilities
(3) at the same time, a large number of customers' funds are stored in the accounts of virtual currency trading institutions. However, all online virtual currency trading institutions are not qualified to absorb public funds, which makes trading institutions face the potential risk of illegal fund-raising
the 2017 version of the guide to the identification of internet pyramid selling (hereinafter referred to as the guide) lists several differences between virtual currency and pyramid selling currency:
(1) from the perspective of issuing mode, virtual currency does not rely on specific monetary institutions, it is a decentralized issuing mode according to specific algorithms; The MLM currency is mainly issued by a certain institution, and the profit is made by pulling the head
(2) from the perspective of transaction mode, virtual currency is a kind of sporadic transaction spontaneously formed by the market. After the scale is formed, the transaction is graally completed by a third party establishing an exchange, while MLM currency is issued by an institution and traded on its own platform
(3) from the perspective of implementation, virtual currency itself is an open source program, while the open source of MLM currency is completely ing other people's open source code, and there is no use of open source code to build programs, which is essentially controlled by the website as Q coin.
Virtual currency fraud calls 110 directly
many departments, such as the China Banking and Insurance Regulatory Commission, the central office of information technology, the Ministry of public security and so on, issued risk tips, saying that some criminals, under the banner of "financial innovation" and "blockchain", absorbed funds by issuing the so-called "virtual currency", "virtual assets" and "digital assets", thus infringing the legitimate rights and interests of the public
this kind of activity is not really based on blockchain technology, but on the hype of blockchain concept, illegal fund-raising, pyramid selling and fraud. In essence, it is a Ponzi scheme of "repaying the old by borrowing the new", which is difficult to maintain the long-term operation of funds
the public should treat the blockchain rationally, not blindly believe the promises, establish a correct monetary concept and investment concept, and effectively improve the risk awareness. Report to the public security organ in time after being cheated
extended data:
the first is the obvious networking and cross-border of virtual currency. Relying on the Internet and chat tools for transactions, and using online payment tools to balance funds, the risks spread widely and spread quickly. Some lawless elements set up websites by renting overseas servers to carry out activities for domestic residents and control illegal activities remotely
some indivials claim that they have obtained the investment quota of overseas high-quality blockchain projects in the chat tool group and can invest on their behalf, which is most likely fraud. Most of these illegal funds flow overseas, which makes it very difficult to supervise and trace
followed by deception, temptation and concealment. They use hot concepts to hype, fabricate various "tall and tall" theories, and some also use celebrity "big V" platforms to publicize. They use airdrop "candy" as temptation to claim that "currency value only rises but not falls", "investment cycle is short, income is high, and risk is low", which has strong bewitching
in practice, criminals illegally make huge profits by manipulating the price trend of the so-called virtual currency, setting profit and withdrawal threshold. In addition, some criminals also issue tokens under the guise of ICO, IFO, IEO, etc., or hype virtual currency in the way of IMO under the banner of sharing economy, which has strong concealment and confusion
finally, there are many kinds of illegal risks in this kind of behavior. Through public publicity, the illegal elements attract the public to invest funds, lure investors and development personnel to join, and constantly expand the fund pool with the t of currency appreciation and development offline profits, which has the characteristics of illegal fund-raising, pyramid selling, fraud and other illegal acts
can be sent to the registered residence of the referee, and the Economic Investigation Detachment of the sub Bureau will give an alarm.
It's useful to report to the police, and it's also the ty of the police to severely punish pyramid schemes in China
extended materials:
MLM refers to the illegal act of organizers and developers to obtain wealth by calculating and paying remuneration to the developed personnel based on the number or performance of the personnel they directly or indirectly develop, or requiring the developed personnel to obtain the qualification of addition by paying a certain fee
the essence of MLM is "Ponzi scheme", that is to say, the money of later comers is distributed to the income of former comers
the new type of MLM: it does not restrict personal freedom, does not accept ID cards and mobile phones, and does not take big classes collectively. Instead, it uses capital operation as a banner to pull people to cheat money, drives luxury cars, wears gold and silver, and uses money to attract your relatives and friends to join, and finally makes you lose all your money
On April 21, 1998, the Chinese government announced a total ban on pyramid selling. According to the notice on banning pyramid selling business activities, the public security organs throughout the country adhere to the "zero tolerance" attitude towards illegal and criminal activities of pyramid selling, continue to focus on key cases, key areas and key areas, and keep a close eye on new methods, new trends and new trends of pyramid selling crimes, We will continue to crack down on pyramid schemesin August 2017, the Ministry of ecation, the Ministry of public security and other four departments issued a notice to severely crack down on and ban MLM organizations according to law. The notice stressed that all kinds of MLM organizations, under the guise of "entrepreneurship and employment" and in the name of "Recruitment" and "job introction", should be resolutely eradicated. The latest judgment was made by the court on May 2, 2018
65 kinds of "pyramid selling coins" involved more than 10 billion, and more than 10 million people bought them. In April 2018, Langfang, Beihai, Nanning, Nanjing, Wuhan, Changsha, Nanchang, Guiyang, Hefei, Xi'an and Guilin were classified by the State Administration of market supervision and administration as "key cities for MLM in 2018"
1. Take Gaofeng line 27 from Yinhu bus station, pass 1 stop, and reach CaiTian Village Station 2
2. Walk about 120m to Lianhua North Station
3. Take Longhua line, pass 3 stops, and reach the exhibition center station This data comes from the network map, and the final result is subject to the latest data of the network map