Cracking down on illegal fund-raising of 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}

It was reported on January 26 that in recent years, the public security organs have stepped up their efforts to crack down on illegal financial activities and illegal fund-raising. According to the official website of the Ministry of public security, Zhao Ke, Secretary of the Party committee and Minister of the Ministry of public security, pointed out at a recent meeting of directors of the national public security department that preventing and defusing financial risks is related to national security, overall development and property security of the people. In accordance with the requirements of the central economic work conference, the public security organs will carry out in-depth special actions to crack down on stakeholder economic crimes such as illegal fund-raising and online pyramid selling, and strictly prevent the transmission of economic and financial risks to the field of social stability

First, fully recognize the harm of illegal fund-raising, and keep their own psychological defense. We should improve our recognition ability, consciously resist all kinds of temptations, firmly believe that "there will be no pie in the sky", "no free lunch", and abandon the fluke mentality of taking advantage and "I'm not the last stick"

we should always be vigilant to the projects of "high return", "get rich quickly" and "high return of points". We should ask our neighbors more, or check with the relevant departments to avoid being cheated

extended materials:

identification methods

the forms of illegal fund-raising are diverse, and the concealment and deception are more and more strong. Suggestions on how to identify and prevent illegal fund-raising are put forward by relevant departments:

first, recognize the nature and harm of illegal fund-raising

the public security organs remind the masses that they must be alert in case of "investment" or "financial management" projects under one of the following circumstances:

1

2

3

4. Under the guise of private equity or partnership, but without business registration

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6. Under the guise of "poverty alleviation", "charity" and "mutual assistance"

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9

10. The investment fund is required to be paid in cash or to indivial account or overseas account

source of reference: Internet - illegal fund raising