Encircle money in the guise of virtual currency
Some virtual currencies are illegal in China. Chinese laws prohibit virtual currencies. The only legal currency in China is RMB. Since the people's Republic of China issued RMB, it has lasted 71 years. With the development of economic construction and the needs of people's life, it has graally improved and improved. So far, it has issued five sets of RMB, forming a multi variety and multi series monetary system of paper money and metal money, ordinary commemorative money and precious metal commemorative money
except for 1,2,5 fen coins, the first, second and third sets of RMB have been withdrawn from circulation, and the fourth set of RMB has been suspended from circulation since May 1, 2018 (except 1 jiao, 5 jiao notes and 5 jiao, 1 yuan coins). The current circulation of RMB is mainly the fifth set of RMB issued in 1999
the people's Bank of China is scheled to issue the fifth set of RMB 50 yuan, 20 yuan, 10 yuan, 1 yuan banknotes and 1 yuan, 5 jiao, 1 jiao coins of the 2019 edition from August 30, 2019. The fifth set of RMB inherits the traditional experience of China's printing technology and draws lessons from the advanced technology of foreign banknote design, which has greatly improved its anti-counterfeiting performance and currency processing modernization
Chairman Mao Zedong's head portrait in the early days of the founding of the people's Republic of China is used on the front of each denomination currency, the famous Chinese flower pattern is used on the bottom, and the main scenery pattern on the back fully shows China's long history and magnificent mountains and rivers, and carries forward China's great national culture by selecting representative patterns with national characteristics
in today's life, many people use this pretext to cheat, such as direct selling, capital, technology, etc. There is no right or wrong in technology, but in people
with the progress of the times and society, the beginning of the application of any technology will be questioned positively and negatively. However, with the relative application and maturity of technology and the improvement of technology, the various applications around people will continue to improve. I believe that in the near future, these doubts will graally dissipate
the following is a summary of some blockchain scams around us
trap 1: block chain is the coin trap
trap two: virtual currency transactions, promise low investment, high return
trap three: centralization can solve all problems
trap four: block chain extension procts can be laid down with a mining machine to earn money
trap five: WeChat, Alipay trading transactions virtual currency
There are two reasons for the prohibition of virtual currency trading by the state:
1. The price fluctuates violently and the consumer protection is lacking:
virtual currency is the proct of network, and the digital information flowing in the network is beyond everyone's control. The code of cyberspace is the basis of the operation of virtual currency, investors can only operate through the front-end interface, seemingly "control" the virtual currency. The operator of the virtual currency service organization may become the actual controller of the virtual currency through the control code
bitcoin and other so-called "virtual currencies" lack a clear value basis, the market is full of speculative atmosphere, the price fluctuates violently, and investors blindly follow suit, which is easy to cause capital losses
2. Evade supervision and become the "accomplice" of criminal activities:
bitcoin is popular as a payment tool in the so-called "dark web" world“ The "dark net" is full of all kinds of serious criminal activities. One of the original intentions of the invention of bitcoin is to evade regulation. It has the characteristics of anonymity and convenient cross-border flow, and has become the preferred tool of "underground economy"
the existence of bitcoin and exchanges and other instrial chains has constructed a illegal financial market for asset transfer and financing in addition to legal currency, increased the difficulty of regulatory authorities in managing financial security and stability, and promoted regulatory arbitrage and financial crimes. The risks and social security risks it brings to the financial market are far higher than its innovative value
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virtual currency transactions are not protected by law:
according to the notice on preventing bitcoin risks issued by the people's Bank of China and other departments on December 3, 2013 and the announcement on preventing financing risks of token issuance issued by seven ministries and commissions including the people's Bank of China on September 4, 2017, virtual currency is not issued by monetary authorities, It is not a real currency because it does not have the monetary attributes of legal compensation and compulsion
in terms of nature, virtual currency should be a specific virtual commodity, which does not have the same legal status as currency, and can not and should not be used as currency in the market. Although citizens' investment and trading in other virtual currencies are personal freedom, they can not be protected by law
MLM is a new variety of financial MLM
Case:
financial pyramid selling in the guise of virtual currency. Among the financial pyramid schemes promoting electronic virtual currency on the Internet, the most infamous one is Baichuan coin
in less than one year, Zhou yunhuang, the legal representative of Fujian Baichuan coin Network Technology Co., Ltd. (hereinafter referred to as "Baichuan coin company"), established a multi-level pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid pyramid
in the interview, people in the instry believed that the reason why Baichuan coin can be popular is that it has a set of new, extremely complex and closed-loop operation logic, that is, it organizes the development level according to the nine level order, takes the number of direct and indirect development personnel as the basis of rebate, and uses high return as the t to lure the participants to develop offline to defraud property
a victim of Baichuan currency told China first finance and economics that the investment of Baichuan currency is divided into two parts: static income and dynamic income. The static income investment is 800 yuan. From the next day, investors will pay dividends of 18 yuan a day
among them, 50% are gold coins and 10% are stock purchase coins, that is, 1.8 yuan stock purchase currency can only be used to purchase Baichuan world stock; 3% is consumer currency, that is, 0.54 yuan, which can be purchased in Baichuan mall; 37% of them are gold seed coins, that is, 6.66 yuan. An account can be automatically added with 800 yuan accumulated on the platform
whether it's gold coin, stock purchase coin, Baichuan world stock, shopping consumer coin or gold seed coin, it's all people's self entertainment in the pyramid of closed MLM of Baichuan coin. Some people keep joining, that is, they take home's money and pay home's wages. The so-called Baichuan coin only circulates among these members, and it's useless to get out of this circle
according to the investigation by the reporter of first finance and economics, the Ponzi scheme carried out by lawless elements under the guise of "new economic formats" and "financial innovation" often uses the means of pyramid marketing, and then expands with the help of the Internet, which is highly contagious
and the procts of pyramid selling have changed from the traditional "real economy" such as cosmetics, resource development, planting and breeding to crowdfunding, futures, virtual currency and so on. A victim of Baichuan coin told China first finance and economics that the investment of Baichuan coin is divided into two parts: static income and dynamic income. The static income investment is 800 yuan
from the next day, the investors will pay dividends of 18 yuan per day. Among them, 50% are gold coins and 10% are stock purchase coins, that is, 1.8 yuan stock purchase currency can only be used to purchase Baichuan world stock; 3% is consumer currency, that is, 0.54 yuan, which can be purchased in Baichuan mall; 37% of them are gold seed coins, that is, 6.66 yuan. An account can be automatically added with 800 yuan accumulated on the platform. The evolution of virtual procts and means of capital operation
reference source: Chinanet - a new variety of financial pyramid selling: the battle between IQ and greed
nowadays, pyramid schemes under the guise of virtual currency are rampant. According to the information obtained by China volunteer alliance against pyramid schemes, Baichuan currency is closely related to SMI, MBI, mark currency, dark black currency, mmm, Fuda compound interest financing, carat currency, petroleum currency, Huaqiang currency, etc CB aiib Hong Kong Group, coin Sheng, WorldCom yuan, u-coin, Jubao, 21st century fox, Wanxi financial management, BBT (now renamed Morgan coin after repeated exposure by the media) are all illegal pyramid schemes under the guise of virtual currency.
No. Virtual currency with good operation and investment will survive for a long time and will not go bankrupt in a few months, such as bitcoin and internet currency of Internet companies
there are various types of virtual currencies. The virtual currencies with high acceptance abroad are Facebook's f currency, online game second life's Linden currency, etc., while the representative virtual currencies in China are Tencent's Q currency, Sina's u currency, online currency, Shanda Yuanbao, etc
virtual currency is different from check and telegraphic transfer. The value that virtual currency can't realize can't be transferred by bank. At present, it can only circulate in the network world. Virtual currency is released by various network organizations, and there is no unified issuance and management standard
2. The special currency issued by the portal website or instant messaging service provider is used to purchase the services in the website the most widely used is Tencent's q-coin, which can be used to purchase value-added services such as membership and QQ show
3. Virtual currency on the Internet. For example, bitcoin, Wright currency, etc. 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
This is mainly caused by investors being fooled. Through the investigation by reporters, it is found that the predecessor of "radar coin" is "VPAL", also known as "V treasure coin". Tencent finance has reported that "VPAL" is suspected of pyramid selling as early as 2014. At present, radar money has been identified as a new kind of money pyramid scheme by the state, and it is illegal to sell and publicize it
on December 13, 2019, the Economic Investigation Brigade of the Public Security Bureau, together with the instrial and commercial administration department of the food and Drug Administration Bureau, jointly executed the law and banned the illegal propaganda and trafficking of "radar coin" pyramid scheme. During the process of law enforcement, the instrial and commercial department found that the shop had no instrial and commercial business license and was operating without a license
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the central bank and other seven ministries and commissions jointly issued an announcement on preventing the financing risk of token issuance, requiring all kinds of token issuance financing activities to stop immediately. At the end of October, the last two bitcoin trading platforms in China were shut down
however, according to the investigation concted by Xinhua view, this risky game has not gone away. Many speculators have made changes based on the parameters of bitcoin, invented various "counterfeit coins" and created pyramid schemes by pulling people's heads
this kind of behavior is often disguised as "financial innovation", with strong concealment, fast transmission speed and large amount of money involved. Therefore, relevant departments need to improve their ability to identify and strike, and take more effective regulatory measures