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Is Baichuan virtual currency legal

Publish: 2021-04-19 05:57:43
1. The virtual currency represented by bitcoin is legal in China. In the bitcoin risk notice issued by the central bank and other five ministries and commissions at the end of 2013, bitcoin was clearly defined as a special Internet commodity. People can buy and sell it freely at their own risk, denying its monetary attribute. Zhou Xiaochuan, governor of the central bank, compared bitcoin to a tradable asset like a stamp. There are related reports on bitcoin home

bitcoin is a consensus network, contributing to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system.
2. Virtual money is a pyramid scheme
the central bank does not issue virtual currency at all
however, the so-called virtual currency issued by other institutions, indivials and indivials is illegal.
3. This model is very dangerous. It will explode and leak electricity.
4. The business model of Baichuan coin is a typical MLM model. It is similar to spark entertainment bitcoin mining, which has already made money. Bitcoin home has related reports, so you can check and compare them

on September 23, 2015, the Economic Investigation Brigade of Xinyuan County Public Security Bureau in Xinjiang officially announced through its official microblog that Baichuan coin is illegal pyramid selling. Please stay away and report! This is the first time that the public security department has publicly disclosed the malicious MLM of Baichuan coin. I believe there will be follow-up actions.
5. Baichuan is a virtual currency investment. It's legal. Now it's legal to pay tax. Is it recognized by the state?
6. Whether it is MLM or not should be judged according to its specific operation mode

MLM can be simply summarized as follows:
1. Entry fee is required
2. Need to constantly find partners, and set up a team under the guise of doubling income to ince others
3. Decide how much you will get in return according to the number of people below and their business performance< Article 7 of the regulations on the prohibition of pyramid selling of the State Council is an act of pyramid selling:
(1) organizers or business operators, through development personnel, require the developed personnel to develop other personnel to join, To calculate and pay remuneration (including material rewards and other economic benefits, the same below) to the developing personnel based on the number of the personnel they have directly or indirectly developed in a rolling way, so as to seek illegal benefits
(2) the organizer or business operator, through the developer, requires the developed person 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 persons to join and seek illegal interests
(3) the organizer or business operator, through the development personnel, requests other personnel developed by the development personnel to join, forms the relationship between the upper and lower line, and calculates and pays the online remuneration based on the sales performance of the lower line, so as to seek illegal interests.
7. The company does exist true and false, only their own personal experience, others say can only be the most reference. I do Baichuan for a month, earned back the capital, but also earned an extra thousand yuan. If you want to earn money, you must first learn to have courage. After all, if you miss the opportunity, you can only wait for the next one
8. Baichuan coin can basically be classified as MLM, and the headquarters is empty
recently, the Baichuan coin Gang forged the front page headline of Fujian daily, advocating that Baichuan coin has been exposed
Shandong, Jiangxi, Xinjiang, Guangdong and other places have exposed "Baichuan coin", saying that its operation mode is illegal, which is a great risk for investors. On September 23, the official microblog of the Economic Investigation Brigade of Xinyuan County Public Security Bureau in Xinjiang said: "Baichuan coin is a pyramid scheme, and the publicity is so extravagant that the final result is that the gold coin can't be taken out, and it will run away if it is converted into money." Fuzhou also has "Baichuan coin" company which has been listed in the list of abnormal operation
it is reported that the website of chuanyuan mall has not been put on record, and its company has also been listed in the list of abnormal business by the instrial and commercial department, which has been defined as MLM by the regional public security and economic investigation department. On September 23 this year, the official microblog of the Economic Investigation Brigade of Xinyuan County Public Security Bureau in Xinjiang said: "Our Economic Investigation Brigade solemnly announced that Baichuan coin is a pyramid scheme, and the publicity is so extravagant that the final result is that the gold coin can't be taken out, and it will run away if it is converted into money."
by inputting "Fujian chuanyuan Network Technology Co., Ltd." through "national enterprise credit information publicity system query", it is found that it has been listed in the list of abnormal operation by the instrial and commercial department, because "it can't be contacted through registered residence or business place".
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