Is Asian dollar virtual currency MLM
virtual currency is not MLM
virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, QQ currency of Tencent company, q-point, voucher of Shanda company, micro currency launched by Sina, chivalrous Yuanbao, silver pattern. Digital currencies include bitcoin, Wright coin, infinite coin, quark coin, zeta coin, barbecue coin, penny coin, invisible gold bar, red coin and prime currency. At present, hundreds of digital currencies are issued all over the world
network virtual currency can be roughly divided into
the first category is the familiar game currency. In the era of stand-alone games, the protagonist accumulates money by knocking down the enemy, entering the gambling house to win money, and using these to buy Herbs and equipment, but it can only be used in his own game console. At that time, there was no "market" between players. Since the establishment of Internet portal and community, the realization of game networking, virtual currency has a "financial market", players can trade game currency
the second type is the special currency issued by the portal website or instant messaging service provider, which is used to purchase the services in the website. The most widely used is Tencent's q-coin, which can be used to purchase membership, QQ show and other value-added services
the third kind of virtual currency on the Internet, such as bitcoin and Wright currency. Bitcoin is an electronic currency proced by open-source P2P software. Some people also translate bitcoin as "bitcoin", which is a kind of network virtual currency. It is mainly used for Internet financial investment, and can also be directly used in daily life as a new currency
< H2 > reference: virtual currency networkfrom the date of this announcement, all kinds of token issuance and financing activities shall be stopped immediately. 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< Fifth, the public should be highly alert to the potential risks in the financing and trading of token issuance
there are multiple risks in the financing and trading of token issuance, including the risk of false assets, the risk of business failure, the risk of investment speculation and so on. Investors should bear the investment risk on their own, and hope that the majority of investors will be wary of being cheated
for all kinds of illegal financial activities carried out by using the name of "currency", the public should strengthen the awareness of risk prevention and identification ability, and timely report relevant illegal clues< br />2017-09-04
CCTV has just exposed a list of currencies suspected of pyramid selling and fraud, as well as more than 1000 digital currencies that had been declared dead
MLM refers to the behavior of organizers or operators who seek illegal benefits, disrupt economic order and affect social stability by calculating and paying remuneration to the developed personnel based on their number of directly or indirectly developed personnel or sales performance, or requiring the developed personnel to obtain the qualification to join in on the condition of paying certain fees< According to Article 7 of the regulations on the prohibition of pyramid selling issued by the State Council, the following acts belong to pyramid selling:
1. Organizers or business operators, through development personnel, require other personnel developed by the developed personnel to join, and calculate and pay remuneration (including material rewards and other economic benefits) to the developed personnel based on the number of personnel developed directly or indirectly, (the same below) seeking illegal interests
2. The organizers or business operators, through the development personnel, require the personnel to be developed to pay fees or pay fees in disguised form by way of subscribing for commodities, so as to obtain the qualification of joining or developing other personnel to join, and seek illegal interests
3. The organizer or operator, through the development personnel, requires other personnel developed by the development personnel to join in, forming an up-down and down-line relationship, and calculates and pays the online remuneration based on the sales performance of the lower line, so as to seek illegal interests.
Yayuan is MLM
On August 21, the people's Court of Shaodong county tried a case of organizing and leading pyramid selling activities in public. Li and other seven defendants were sentenced to fixed-term imprisonment ranging from two years to three years and six months, and were also fined. Meanwhile, the funds involved in the case were confiscated and turned over to the state treasuryfrom May 2015 to February 2018, LAN and Ouyang established Shenzhen Qianhai yawencang Yayuan digital currency asset management Co., Ltd. and established an online trading platform for virtual assets such as "Yayuan" and "cultural tourism assets"
after joining the company, the seven defendants, including Li, actively used wechat, telephone, on-site meeting to organize visits and other ways to promote, lured people to buy "Yayuan" and "cultural tourism assets" to join the company, and asked the participants to continue to develop others to participate, and formed levels according to a certain order, according to the number of development downline, the amount of investment, according to the trends, the number of employees, the number of employees, the number of employees, and the number of employees Static rewards and other ways to rebate
extended information
according to the information disclosed on the official website of Shaodong county people's court in Hunan Province, the court recently heard a huge online pyramid selling case in the name of issuing virtual assets such as "Yayuan" and "cultural and tourism assets", involving 341000 members with a capital of 1.99 billion yuan
suspect, such as Ou et al, used the project of Yuan Yuan and Wen Lu as the pretext. He asked participants to get the qualification of paying the fee and form a hierarchy according to a certain order. The amount of the developer was directly used as the basis for the payment and rebate, and the money was taken for serious purposes, which seriously disrupted the economic and social order. p>
the website platform attracted members' investment, forming six levels of provincial branch, municipal branch, County branch, township branch, shareholder member and ordinary member. All the seven defendants, including Li Mou Bao, were above the level of municipal branch, with tens of thousands of development members. The case involved 341000 participants, involving Hunan, Shandong, Jiangsu and other provinces, and absorbed more than 1.99 billion yuan of MLM funds
After trial, it was found that seven defendants, including Li Mou Bao, had committed the crime of organizing and leading pyramid selling activities, and the circumstances were serious. In accordance with the relevant provisions of the criminal law of the people's Republic of China, the above judgment shall be made in accordance with the law At present, there are various forms of MLM, but no matter traditional MLM or all kinds of online financial MLM, no matter how "cosmetic surgery" is also inseparable from its origin, it has the following three characteristics:one is the entry fee, which needs to pay money or in disguised form (such as purchasing procts) to obtain the membership qualification
the second is to pull people to get high reward
The third is the way of remuneration, which is based on the direct or indirect development of personnelthe masses should keep their eyes open, be alert to the temptation of "profiteering", keep in mind the three basic characteristics of MLM and guard against falling into the trap of MLM
however, the attitude of regulators is clear. Whether it is genuine bitcoin, or a variety of derivative Shanzhai coins, there is no way to obtain legal living space at present. This is something we need to be clear about. If the platform goes out of business or the staff runs away, it is very likely that they will lose all their money and the losses they have suffered will not be protected by law
the promises they give you often make the participants pay money quickly. Behind them is the Ponzi scheme of "robbing the east to pay the west" + "cheating the white wolf with empty hands". They 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 cheat more investment. When no new investors enter, the return of old investors collapses one after another, and it is often difficult to withdraw cash, or the website cannot be opened
in short, although the external form of virtual currency is ever-changing, it is not divorced from its essence of pyramid selling. The more investors put in, the greater the final loss, and the more serious the loss may be.
"no one is rich without equity. If you don't hold equity of one or two high-quality companies before 2020, maybe you will be the target of poverty alleviation after 2020. Because after 2020, 51% of Chinese people will become shareholders of listed companies and enter the middle class. " In fact, this is the false propaganda of the "original stock" hoax
in recent years, many companies such as pyramid schemes and illegal fund-raising have used "original shares" as a pretext to raise funds from non-specific objects in the form of false propaganda such as "after the listing, the profit may be dozens or even hundreds of times", and implemented illegal activities, which makes it difficult for investors to distinguish the true from the false. For example, "auspicious Beidou", "Yayuan", "Zhitian" and other pyramid companies< Since April 2016, Guizhou Jixiang digital Trading Co., Ltd. (hereinafter referred to as: Guizhou Jixiang Co., Ltd.) has successively carried out pyramid selling activities with the modes of "yunjixiang", "Beidou Jixiang", "Guojia Jixiang" and other "buying wine and giving equity" and relying on the trading platforms such as "populist mall" and "Beidou health digital platform", Defrauding of finance
on July 30, the Zibo intermediate people's court delivered a second instance judgment on the "auspicious Beidou" network pyramid selling case. During the first instance, pan rongqiang, the legal person of Guizhou Jixiang stock company, Zhang Qiang, Zou Jierong, the director of Guizhou Jixiang stock company, and other 16 people were sentenced by the court of Boshan District of Zibo City to fixed-term imprisonment ranging from five and a half years to two years and three months and a fine ranging from eight million yuan to thirty thousand yuan for the crime of organizing and leading pyramid selling activities< From May 2015 to February 2018, LAN Xinmin and Ou Yanghong established Shenzhen Qianhai yawencang Yayuan digital currency asset management Co., Ltd. (hereinafter referred to as Shenzhen Yayuan digital currency company), and established online platforms such as "mobile Yunxin", "Yayuan" and "cultural tourism assets". Through the website platform to attract members to invest, and attract other people to join, forming six levels, according to the number of offline development, the amount of investment, according to the way of dynamic and static rewards rebate
in order to encourage members to join in, Shenzhen Yayuan digital currency company also peddles "original shares" and "virtual currency" to make money illegally under the guise of "the company can get dividends after going public and get rich overnight by selling original shares". By the time of the case, the MLM organization had more than 410000 members and absorbed as much as 1.998 billion yuan of MLM funds
from April 13, 2018 to August 8, 2019, ouyanghong and other ten MLM backbones were successively sentenced by Jianhu County People's court, Shaodong county people's court, and Yicheng District People's Court of Zaozhuang City for the crime of organizing and leading MLM activities. They were sentenced to fixed-term imprisonment ranging from six and a half years to two years' probation, and fined from 1.5 million yuan to 50000 yuan.