What is virtual money MLM coin

1. China has banned these virtual currencies< (2) no organization or indivial is allowed to illegally engage in token issuance and financing activities
from 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

2. virtual currency is not MLM, but virtual fraud under the guise of bitcoin or virtual currency is not uncommon. In fact, they have nothing to do with virtual currency. The virtual currency represented by bitcoin is completely legal in China. In 2013, in the 12.5 bitcoin risk notice, the central bank and other five ministries and commissions clearly defined bitcoin as a special Internet commodity. People can buy and sell bitcoin freely at their own risk, denying its currency attribute. Zhou Xiaochuan, the governor of the central bank, regards bitcoin as a tradable asset like a stamp. The central bank has no right to ban it.

3.

The 60 kinds of pyramid selling virtual currencies broadcast by CCTV news include MBI, m3, Diablo, Asian currency, star currency, Jinyuan shopping alliance e-currency, Changjiang international virtual currency, qileba, micro TV media e-currency, bonus point currency, virtual gold coin, HGC, COA, LFG, Sri, bismall, ahkcap, CPF, Yifen, K currency, R currency, Baichuan currency, K Bao, Zhongfu Tongbao, Hongtong currency, etc Raines e-money

Global BlackRock No.1, Glasberg, BCI, m, wing, EV, performance, FIS, u, ES, zangbao performance, huiai e-money, jianyipan e-money, subsidy, hftag, Kaixin compound interest, kuailinian virtual currency, Shihua currency, ente currency, CPM, Kara currency and supreme currency

there are at least 65 kinds of "virtual currency" with different names, such as Wuhua union virtual currency, Meisheng e, Zhonghua currency, Mimi virtual currency, FIS, world Yunlian cloud currency, Liwu currency, Vicat currency, mark currency, Shanxin currency, Wuji currency, ATC, IPC, central currency, Wuxing currency, huiai currency and nautical currency

< H2 > extended information:

in the 141 cases of virtual currency pyramid selling found on China's judicial documents, the number of such criminal cases is increasing year by year. In 2014, the court ruled 5 cases, and then increased by multiple, to 62 cases in 2017. According to the judgment documents, among the above-mentioned virtual currency pyramid schemes, "Vicat" has the highest amount of money involved, with a total of 7 billion, and its global membership number is 10770000, with the largest number

in terms of the development scale of MLM organizations in China, "cloud coin" (also known as world UnionPay and world cloud Alliance Network MLM platform) has the largest number of MLM organizations (4391449); Second, the "dark money" pyramid marketing organization has developed more than 3.4 million members

source of reference: phoenix.com - virtual money pyramid scheme: 65 kinds of pyramid schemes cheat 10 million people, over 10 billion

4. When it comes to "modeling", we can only rely on "appearance design"

according to the definition of "appearance design", it refers to the new design of proct shape, pattern or their combination, as well as the combination of color, shape and pattern, which is aesthetic and suitable for instrial application

it can be seen that the carrier of modeling must be "proct". If your "coin" is a souvenir or decoration, it should be a proct and can be declared. But if your "coin" belongs to money, it can't.

5. The biggest feature of "MLM coin" is that it has nothing to do with the blockchain. It is a "concept", and the most popular slogan is "high return". You know, the birth of any kind of encrypted digital currency has no value before it is recognized by users. If you've never heard of a situation with a high rate of return, avoid it.

6. The biggest feature of "MLM coin" is that it has nothing to do with the blockchain. It is a "concept", and the most popular slogan is "high return". You know, the birth of any kind of encrypted digital currency has no value before it is recognized by users. If you encounter a situation that you have never heard of, but it is a high rate of return, you should resolutely avoid it.

7. Virtual currency and pyramid selling can not be equated. Virtual currency exists legally in China. As a special Internet commodity, it can be regarded as an asset class. However, any new thing may have something to do with MLM. Some criminals will use virtual currency to carry out MLM activities
the water of virtual currency is very deep, which may lead to pyramid schemes. It is suggested to pay attention to the mainstream digital currencies such as bitcoin, Puyin, lightcoin and Ethereum classic. Watch out for high-yield virtual currencies.