Illegal financing of virtual currency

1. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press

2.

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

3. Yes, at present, there is no or very little handling charge for bitcoin payment. You can download bittok coin extension app to have a detailed understanding. There are quite a lot of users at present.

4. ​ In recent years, the speculation related to virtual currency (such as ICO, IFO, IEO, IMO and STO) has been in vogue. The price has gone up and down, and the risk has gathered rapidly. Relevant financing entities raise funds from investors or virtual currencies such as bitcoin and Ethereum through illegal sale and circulation of tokens. In essence, they are illegal public financing without approval. They are suspected of illegal sale of token bills, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal crimes, which seriously disrupt the economic and financial order

on September 4, 2017, the people's Bank of China and other seven ministries and commissions issued the "notice on preventing the financing risk of token issuance", which cleaned up the ICO and virtual currency trading venues. The scale of domestic virtual currency transactions decreased significantly, effectively avoiding the impact of virtual currency prices on China's financial market.

5. Before Wen Yuan, the character was Han Ze, all pseudonyms! Before they cheated us to buy mythical currency, now the dog cheated us to buy bitcoin on their own fake platform. The data on the platform will be delayed compared with the external disk. In this way, they can control long or short. If they ask you to reverse it, you will be closed, and you will not know how to die! These are all pig plates (three months of harvesting victims, the first month has given lectures for Mingbo's favor, the second month deliberately said that stocks are not easy to do, how good digital currency bitcoin is, and then told you that their own fake digital currency has prospects, deliberately took out their own fake account to cheat people in, the third month after harvesting, the swindler lost contact, and the swindler retreated completely), We have been cheated in the case of 10 people arrested, but this fake article is far from continuing to be a shooter, cheating! Now, there is a group called "competing for the best" and an organization called "JingWuMen". They have a clear division of labor among cheaters (lecturing, entrusting, collecting money, opening an account, assistant, etc.) and really ignore the national law! Now Wenyuan has an account holder named Liu Qian, Zhang Jia (pseudonym) and others. I suggest you buy ukgr digital currency! Lower case (ukgr) don't buy it. The platforms are all made by themselves. You can control the rise and fall at any time. If it's not a real platform, you can close the platform at any time! It's the same as the myth coin recommended by Han Ze (the same person in Wenyuan) before. It's all fake! At present, we have lost hundreds of millions! The whole country has also set up an ad hoc group to solve this case. I hope that more people who have been cheated can read this article, so that this group of swindlers can be less successful! Finally! The most important word! Ask the local police before investing, because they will explain to you that this is a fraud! It's a fraud!

6. I don't feel reliable. I'm far away

7. You are basically leeks, ~ ~ any currency without hard currency endorsement is rubbish and can collapse at any time,

no matter which country's currency is, it is not just a piece of paper. Behind it is the corresponding gold or silver or crude oil, which can only be issued with us dollars as the corresponding hard currency reserve,

otherwise, anyone can print money, And it can be printed infinitely, but once it is linked with gold, silver and other hard currencies, it can't be printed casually. Once it is printed casually, it will rece the purchasing power of domestic currency.

to sum up, bitcoin, which is purely used to cut leeks, must not participate in the game, and it will die miserably Because it doesn't have any hard currency or corporate endorsement,)

because it can declare bankruptcy and collapse at any time, or plummet to a point you can't imagine, which can make you lose a lot at once.