IEO virtual currency

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

The exchange and the project party jointly issued currency for the first time. The exchange participates in the selection and incubation of project tokens and makes endorsement with its own credit. If the exchange is down-to-earth, it will not go too far. Under this premise, IEO's project selection and operation are many times better than the previous ICO

in the first quarter, several Asian exchanges announced IEO, and I am optimistic about JYS in Malaysia. The main reasons are as follows:

1. with the background of traditional, high-tech and new financial instries, the team strength is OK, and the team has mature experience and quick reaction ability in project selection and operation
   

2. the object of IEO is the entity high-tech enterprises that need financing for development. The project party takes entity and patent right as endorsement, and the financing income is used for patent landing. The realization of procts and the growth of currency value are supported by real profits, which are completely different from the concept of air currency

   it is said that the first IEO project will be launched in May. As it announced, the entity is a high-tech patent enterprise. When it comes to blockchain space, it's a real project that makes people feel at ease

It's illegal to issue coins in China. Illegal enterprises can't be registered in China Article 3 of the regulations of the people's Republic of China on the administration of RMB has made clear provisions. The relevant laws and regulations are as follows:

regulations of the people's Republic of China on the administration of RMB

Article 3 the legal tender of the people's Republic of China is RMB. No unit or indivial may refuse to pay all public and private debts within the territory of the people's Republic of China in Renminbi

extended information:

People's Bank of China's "risk tips on preventing illegal fund-raising in the name of" virtual currency "and" blockchain "

under the banner of" financial innovation "and" blockchain ", By issuing so-called "virtual currency", "virtual assets" and "digital assets" to absorb funds, the legitimate rights and interests of the public are infringed. This kind of activity is not really based on blockchain technology, but hypes the concept of blockchain, illegal fund-raising, pyramid selling and fraud. It mainly has the following characteristics:

1. Obvious networking and cross-border. 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 in the chat tool group that they have obtained the investment quota of overseas high-quality blockchain projects 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

in addition, some criminals also issue tokens under the guise of ICO, IFO, IEO and other fancy items, or speculate in the way of IMO in the name of sharing economy, which has strong concealment and confusion