Central illegal fund raising 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

Cheng tycoons use virtual currency to launder money, which is illegal fund-raising. Let's first understand the definition of illegal fund-raising on the Internet. Illegal fund-raising is a kind of criminal activity. It means that an entity or indivial raises funds from the public by issuing stocks, bonds, lottery tickets, investment funds, securities or other debt certificates without the approval of relevant departments in accordance with legal proceres, And promise to repay the principal and interest or give return to the investor in money and other ways within a certain period of time. And in China, it is clearly stipulated that investment in virtual currency is illegal, and the circulation and transaction of virtual currency is explicitly prohibited{ RRRRR}

According to the market database of digital currencies in the UK, there are 10 kinds of digital currencies with "bitcoin" in their names. It's OK to call it bitcoin. But now the mainstream of the transaction is bitcoin, accounting for 33.92%

source: all digital currency quotes

On September 2, it was reported that on August 21, the central bank headquarters received the relevant emergency report. The report analyzed in detail and clearly pointed out that from the perspective of penetrating supervision with substance more important than form, ICO belongs to illegal fund-raising in disguise

according to the lover quoted, relevant people of the central bank have studied a large number of ICO white papers and come to the conclusion that "90% of ICO projects are suspected of illegal fund-raising and subjective and intentional fraud, and less than 1% of the ICOS that actually raise funds for project investment."

ICO is the full name of initial coin offering, short for the first public offering of digital token, which imitates the IPO (initial public offering) in the stock market. That is to say, the project sponsor can obtain financing by issuing initial token through blockchain technology, but the initial token cannot be purchased in legal currency (RMB, US dollar, etc.), because it violates the laws and regulations of various countries on financing, and needs to be purchased with digital assets with good liquidity such as bitcoin and Ethereum

"the national financial work conference made it clear that all financial activities should be regulated. All activities of "managing other people's money" should be subject to supervision. Blockchain innovation, Internet finance innovation, ICO innovation, but if you do not control the risk, then all the innovation will go to its opposite. If the traditional financial risk is 1.0 and the Internet financial risk is 2.0, the current blockchain and ICO risk is 3.0. " Huo Xuewen said at the meeting