Compound interest investment of virtual currency

2.

The investment risk of virtual currency is high, and the transaction of virtual currency has been banned in China

strengthen the management of token financing trading platform according to Article 3 of the notice on preventing the financing risk of token issuance. From the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal tender and token and "virtual currency", nor buy or sell token or "virtual currency" as a central counterpart, nor provide pricing, information intermediary and other services for token or "virtual currency"

for the token financing trading platform with illegal problems, the financial management department will request the competent department of telecommunications to close its website platform and mobile app according to law, request the network information department to remove the mobile app from the app store, and request the instrial and commercial administration department to revoke its business license according to law

Article 4 financial institutions and non bank payment institutions shall not carry out business related to token issuance financing transactions. All financial institutions and non bank payment institutions shall not directly or indirectly provide procts or services such as account opening, registration, trading, clearing and settlement for token issuance and financing and "virtual currency", nor undertake insurance business related to token and "virtual currency" or include token and "virtual currency" into the scope of insurance liability. Financial institutions and non bank payment institutions shall report to the relevant departments in a timely manner if they find clues of violation of laws and regulations in token issuance financing transactions

extended materials:

"notice on preventing the financing risk of token issuance" Article 1 accurately understand the essential attribute of token issuance financing activities. Token issuance financing refers to the financing subject raising bitcoin, ether coin and other so-called "virtual currency" from investors through the illegal sale and circulation of token, In essence, it is a kind of unauthorized illegal public financing, which is suspected of illegal sale of token tickets, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid selling and other illegal and criminal activities

Relevant departments will closely monitor relevant developments, strengthen cooperation with judicial departments and local governments, strictly enforce the law in accordance with the current working mechanism, and resolutely deal with market chaos. If suspected crimes are found, they will be transferred to judicial organs. The token or "virtual currency" used in token issuance financing is not issued by the monetary authority, does not have such monetary attributes as legal compensation and compulsion, does not have the same legal status as currency, and cannot and should not be used as currency in the market

3. Compound interest is an economic concept corresponding to simple interest. The calculation of simple interest does not include the interest into the principal; On the contrary, compound interest should be incorporated into the principal and repeated. Compound interest is compound interest, which means that the annual income can also generate income. Specifically, the whole loan term is divided into several segments. The interest calculated according to the principal of the previous segment is added to the principal to form the increased principal, which is used as the principal base for calculating the interest of the next segment until the interest of each segment is calculated and added up, We can get the interest of the whole loan period, which is commonly known as rolling interest. Some people even call it "the eighth wonder of the world"

from the definition, we can see that there are three elements of compound interest: initial principal, rate of return and time

the double compound interest of virtual currency is mostly a pyramid scheme, because it is a pure digital game without any physical support.

4. Most of those who use compound interest and virtual currency are illegal online pyramid schemes, similar to Zhongyan compound interest. Don't participate
Urumqi police have arrested a number of people who participate in Zhongyan

5. Virtual currency compound interest financing is also called token financing. Most of these projects are pyramid schemes. The police have repeatedly reminded users that they are typical Ponzi schemes. This kind of virtual currency project is different from investment projects such as bitcoin, Ruitai coin and Laite coin
Ponzi scheme is the name for investment fraud in the financial field. It is the ancestor of pyramid scheme, and many illegal pyramid schemes use it to collect money. This kind of fraud was "invented" by a speculator named Charles Ponzi. Ponzi's scam is also known in China as "robbing the east to pay the west" and "empty handed White Wolf". In short, it is to use the money of new investors to pay interest and short-term return to old investors, so as to create the illusion of making money and then cheat more investment
Charles Ponzi is an Italian born speculator who lived in the 19th and 20th century. He immigrated to the United States in 1903. In 1919, he began to plot a conspiracy, in which the swindler invested in a virtual enterprise, promised that the investor would get 40% profit return within three months, and then, he began to invest in a virtual enterprise, The cunning Ponzi paid the money of new investors to the original investors as quick profits to lure more people into being cheated. Due to the huge returns from the early investors, Ponzi successfully attracted 30000 investors in seven months. This conspiracy lasted for one year before it sobered up the people who were dazed by the interests. Later generations called it "Ponzi scheme".

6. Any financial management is risky
how does Tencent introce financial management through wechat? Wealth management is a wealth management proct sales platform jointly built by Tencent's TenPay and wechat, which is equivalent to wechat providing channels, TenPay providing payment methods and fund companies providing wealth management procts
the income of wechat financial link is the income of Monetary Fund, and the rate of return of financial link publicized now is 14-18 times that of current account. In fact, the monetary fund has existed for many years, and it does not always have such a high annualized rate of return at 6:00.

7. You can't take it back if you put it in. It's not true

8. Compound interest, mutual aid, split and cloud mining machine leasing in virtual currency have become the four major pyramid schemes in digital currency circle. Everyone in the circle knows it. It's better not to touch it
if you are interested in digital currency, you can first learn about bitcoin, Ruitai, Laite, doggy and other mainstream digital cryptocurrencies.

9. It's better not to touch the compound interest offer in virtual currency, which is basically a pyramid scheme
mutual aid, split, cloud mining machine leasing and compound interest are the four most typical pyramid schemes in the virtual currency circle
there is no relationship between these capital plates and digital currency. Digital currency is just a tool to be used. If you are interested in digital currency, you can pay attention to bitcoin, Leyte, Ruitai, Ethereum and other mainstream digital currencies.

10. Rec virtual currency has compound interest. Its compound interest is calculated in such a way that the principal generates interest, and then it is added with the principal to generate income and interest. Generally speaking, it is what we often call "rolling interest". Investment in rec virtual currency will generate income, and then this income and your principal will enter the trading system together, and generate income again in the system. The compound interest rate of rec virtual currency is very high, which is in the front of all kinds of virtual currencies.