Bank insurance supervision on the prevention of virtual currency
in the era of material abundance, money can buy what you want and enrich your life. Therefore, people have a dream of realizing wealth freedom and entering a better life there are many such dreams, which are often used. With the development of the Internet, online transactions have become more convenient and fast, people's financial management ideas have improved, and they will take spare money to invest, but the bank interest is low, the fund will not choose, and the stock water is too deep. Generally speaking, the income can't tempt greedy people
1. It is illegal to have a financial trading platform that is not recognized by China Securities Regulatory Commission and China Banking and Insurance Regulatory Commission. With the concept of blockchain being put forward, virtual currency has become popular. In China, there are bitcoin, Leyte coin, Ruitai coin, etc. the income of these virtual currencies has been blown to be amazing. People who listen to these virtual currencies will be envious and have new illusions. They don't know that this is just a Ponzi scheme, and the virtual currency trading platform will trick investors into inviting them, After the investors' funds are cheated, there will be a series of figures. Some of them will fall sharply as soon as they buy, and smart people can stop losses. Some of them will go up sharply when they buy, and investors will continue to add chips, and finally they can't cash out
As of May 2020, blockchain and digital currency are illegal in China
according to the announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risks of token issuance and financing, Article 2 no organization or indivial shall illegally engage in token issuance and financing activities. Organizations and indivials that have completed the token issuance and financing should make arrangements such as refund, reasonably protect the rights and interests of investors, and properly handle risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects
Article 3 strengthen the management of token financing trading platform
from the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal currency and token and "virtual currency", and shall not buy or sell token or "virtual currency" as a central counter party, and shall not provide pricing for token or "virtual currency" Information intermediary and other services
extension data
"illegal financial institutions and illegal financial business activities ban" stipulates that:
eleventh, the criminal suspect, funds and property involved in illegal financial institutions and illegal financial activities, and the public security organs shall take compulsory measures according to law to prevent suspect from escaping and transferring funds and property. p>
Article 12 the people's Bank of China shall, after investigation and confirmation, make a decision to ban the illegal financial institutions and financial business activities, declare them illegal, order them to stop all business activities, and make an announcement
Article 13 if the people's Bank of China discovers that a financial institution opens an account, handles settlement and provides loans for an illegal financial institution or illegal financial business activities, it shall order the financial institution to stop the relevant business activities immediately. No unit or indivial may use the relevant funds without authorizationIt's about RMB 0.1, but it can't be used for cash withdrawal. It can only be used for virtual games
global currency is a kind of currency similar to bitcoin. A virtual currency, not protected by law. Five ministries and commissions, including the China Banking and Insurance Regulatory Commission, jointly issued the "risk warning on preventing illegal fund-raising in the name of virtual currency and blockchain", pointing out that many criminals, under the banner of financial innovation, use virtual currency, blockchain, digital currency and other projects to speculate and fund-raising, even to engage in fraud, pyramid schemes and other illegal activities
the majority of investors rationally treat blockchain, virtual currency and other investment projects, establish a correct and rational investment concept, recognize the risk level, and then improve the risk awareness
The biggest advantage of bitcoin is that it is a decentralized digital currency, which is not controlled by anyone. Bitcoin holders do not need to report to the central government, but this may not be the case with globalcoinunlike bitcoin, Facebook's globalcoin will be controlled by the social media company. Because Facebook will be entitled to the identity of all those who hold its digital currency. Globalcoin has forgotten the anonymity of digital money
As of November 1, 2018, Yiwu fuka Network Technology Co., Ltd. has not been recognized as MLM, but the "fucoin" launched by Yiwu fuka Network Technology Co., Ltd. is a virtual currency, and the central bank has repeatedly issued warnings on the risk of virtual currency. Shenzhen Luohu District Court also heard a case of pyramid selling and illegal fund-raising of Fuyuan. The following is news: in August 20th
2018, the official account of WeChat public of Shenzhen people's Procuratorate issued the book on rights and obligations of Weng Tao and others suspected of fund-raising fraud. The reporter learned from the notification that the suspect, Weng Tao and others, issued the virtual currency "brilliant currency" to the public through the Shenzhen luster Investment Holdings Group Limited, and developed a brilliant currency member nationwide through the pyramid scheme. p> Later, Weng Tao and others acquired Forster Holding Co., Ltd., which issued "Fuyuan", merged the original "Guangcai coin" and "Fuyuan" virtual currencies and its members, and introced "Kaifu K" points to the society. Later, they used the raised funds to acquire part of the equity of Hebei panbao zeolite mine, and continued to raise funds illegally by exchanging the points for the equity of feikuang mine, After that, they can't cash the investment funds of investors on time, causing huge losses to investors
e to the large number of victims in the case, according to the relevant provisions of the criminal procere law of the people's Republic of China, some victims still can not be served after being contacted by the Shenzhen People's Procuratorate, so the procuratorate decided to inform the victims of the right to entrust a litigation agent and the rights they enjoy in the stage of examination and prosecution by way of announcement
on August 24, 2018, the website of CIRC issued a risk reminder to remind the public to guard against illegal fund-raising in the name of "virtual currency" and "blockchain"
the original text is as follows:
tips on preventing the risk of illegal fund-raising in the name of "virtual currency" and "blockchain"
tips from the China Banking and Insurance Regulatory Commission, the central network information office, the Ministry of public security, the people's Bank of China, and the General Administration of market supervision:
recently, some illegal elements have been 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 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
Second, deception, temptation and concealment are strong. 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 bewitchingin 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
Thirdly, there are many kinds of illegal risks. Through public publicity, criminals use "static income" (currency appreciation profit) and "dynamic income" (development offline profit) as t to attract public investment, lure investors and development personnel to join, and constantly expand the fund pool, which is characterized by illegal fund-raising, pyramid selling, fraud and other illegal behaviorsthis kind of activity takes "financial innovation" as a gimmick, and its essence is the Ponzi scheme of "borrowing the new to repay the old", so it is difficult to maintain the capital operation for a long time. The general 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; We can actively report to the relevant departments the illegal and criminal clues found
China global currency is a kind of virtual currency, which is not protected by law. Five ministries and commissions, including the China Banking and Insurance Regulatory Commission, jointly issued the "risk warning on preventing illegal fund-raising in the name of virtual currency and blockchain", pointing out that many criminals, under the banner of financial innovation, use virtual currency, blockchain, digital currency and other projects to speculate and fund-raising, even to engage in fraud, pyramid schemes and other illegal activities
the majority of investors rationally treat blockchain, virtual currency and other investment projects, establish a correct and rational investment concept, recognize the risk level, and then improve their risk awareness. China global currency is a kind of virtual currency, which is not protected by law. Five ministries and commissions, including the China Banking and Insurance Regulatory Commission, jointly issued the "risk warning on preventing illegal fund-raising in the name of virtual currency and blockchain", pointing out that many criminals, under the banner of financial innovation, use virtual currency, blockchain, digital currency and other projects to speculate and fund-raising, even to engage in fraud, pyramid schemes and other illegal activities
the majority of investors rationally treat blockchain, virtual currency and other investment projects, establish a correct and rational investment concept, recognize the risk level, and then improve their risk awareness
A global currency can be exchanged for about 0.1 yuan RMB. It cannot be used for cash withdrawal
China global currency is a kind of virtual currency, which is not protected by law. Five ministries and commissions, including the China Banking and Insurance Regulatory Commission, jointly issued the "risk warning on preventing illegal fund-raising in the name of virtual currency and blockchain", pointing out that many criminals, under the banner of financial innovation, use virtual currency, blockchain, digital currency and other projects to speculate and fund-raising, even to engage in fraud, pyramid schemes and other illegal activities
extended information:
in 2013, the central bank, together with five ministries and commissions, issued the notice on preventing the risk of bitcoin, which clearly defined bitcoin and other non legal digital currencies as virtual commodities, and it does not exist in the form of currency and legal currency
At the same time, digital money is different from electronic payment. In the actual use experience, digital money and electronic payment may feel similar, but they are still quite different in essence. Before digital currency, the financial instry has been highly informationizedBai Jinglong is the vice chairman of the CDC overseas special zone, which has been defined as MLM by the police. The following is the release of Yantai network police:
another new scam has appeared. At present, there are at least hundreds of people in this group. They claim that they will have 3000 yuan cash back without paying a cent. They also have a hundred years of power sharing, which can be increased by 8000 times by 2020, that is, they can get 24 million yuan by 2020. It is understood that after entering the group, you need to fill in personal information such as name, gender, ID card and telephone number, and also tell us that more and more people are joining the group chat. The group publicizes all kinds of information about the so-called Internet of things companies
as early as may 2017, the anti MLM network published the content of "at the beginning of the Internet of things in China CDC overseas special zone integrated platform virtual currency pyramid scheme", which introces that the routines of virtual currency of CDC overseas special zone integrated platform are all scams
their usual routine is to enter the group for free under the banner; Thirdly, the so-called "leaders" usually send some brainwashing words or voice or false videos every day; Finally, through the sale of so-called high-yield procts to carry out pyramid selling or illegal fund-raising
Yantai network police reminder: the Internet of things is the popular Internet of things, which connects the air conditioning, curtains, refrigerators, etc. in the home to the network through WiFi, and controls them through the terminal or mobile app, which is the most basic Internet of things. I hope everyone can shine their eyes, don't be deceived, and remember that there will be no pie in the sky
on August 24, 2018, the website of CIRC issued a risk reminder to remind the public to guard against illegal fund-raising in the name of "virtual currency" and "blockchain"
the original text is as follows:
tips on preventing the risk of illegal fund-raising in the name of "virtual currency" and "blockchain"
tips from the China Banking and Insurance Regulatory Commission, the central network information office, the Ministry of public security, the people's Bank of China, and the General Administration of market supervision:
recently, some illegal elements have been 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 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
Second, deception, temptation and concealment are strong. 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 bewitchingin 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
Thirdly, there are many kinds of illegal risks. Through public publicity, criminals use "static income" (currency appreciation profit) and "dynamic income" (development offline profit) as t to attract public investment, lure investors and development personnel to join, and constantly expand the fund pool, which is characterized by illegal fund-raising, pyramid selling, fraud and other illegal behaviors