Illegal purchase of bitcoin by employees

1.

It is illegal to buy and sell digital currency in China

according to the announcement on preventing the financing risk of token issuance jointly issued by the central bank and other seven ministries and commissions, the announcement points out that any so-called token financing trading platform shall not engage in the exchange business between legal currency and token and "virtual currency", and shall not buy or sell tokens or "virtual currency" as the central counterparties, It is not allowed to provide pricing, information intermediary and other services for token or "virtual currency"

the announcement points out that token issuance financing refers to the so-called "virtual currency" raised from investors through illegal sale and circulation of tokens. In essence, it is an unauthorized illegal public financing behavior, suspected of illegal sale of token tickets, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities

extended information:

the central bank said that the so-called "digital currency" in the market is not legal digital currency:

the central bank's monetary Bureau issued a "risk warning on issuing or promoting digital currency in the name of the people's Bank of China" on its official website, saying that recently, indivial enterprises falsely use the name of the central bank, The relevant digital procts are labeled as "authorized issuance by the people's Bank of China", or the central bank's digital currency promotion team is falsely claimed, in an attempt to deceive the public and take the opportunity to make huge profits

the central bank said that the central bank has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency. The central bank also suggested that the so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud

in fact, virtual currencies such as bitcoin and lightcoin are representatives of the so-called digital currency. The central bank said in 2016 that it was studying China's legal digital currency. Yao Qian, director of the digital currency Research Institute of the people's Bank of China, previously told the media that the prototype scheme for the central bank to issue legal digital currency has completed two rounds of revision, and is expected to be tested in relatively closed application scenarios such as the bill market in the future, but there is no clear timetable for its launch

2. Investment in risky business should be cautious
common financial fraud features
1. Fictitious trading platform, using simulated trading software. Scam gangs often make up a tall company and send a simulated trading software to investors, which is controlled by them. In the software, commodity market and price trend are all set by themselves, and then hyped with investors. You buy up, he buy down, let you lose money
2. Freezing customer accounts and delaying transactions. When the investors make profits, they freeze their accounts so that they can't sell normally after they buy. Then other operators will widen the price direction, making the investors' actual profits turn into losses
3. When the customer is profitable, close the position forcibly. Its good name is to avoid your loss. Because the trading software, they have backstage control, found that investors profit, forced closing. Because investors are usually network open. Account, one no contract, two do not know the name and address of the company, often forced to close positions, powerless, no door to appeal
4. Set up a virtual account in the trading platform, then inject virtual capital into the account, and then control the trading market through the virtual capital, resulting in the loss of the victim
5. Enlarge the transaction leverage, set up the "main account" of the victim with the capital amplification ratio of tens or hundreds of times, and then make the victim lose money through the capital advantage operation and market control after amplification
6. Perform "sliding point" operation. According to the regular trading order of commodities, but a small amount of increase or decrease in the transaction amount of customers, so that customers make less profits or more losses and make profits
7. Frequent trading on behalf of customers to earn high handling charges, collect customer storage fees, processing fees, profit sharing and other losses for investors
all kinds of foreign exchange trading platforms on China's network, one without the approval of China's financial regulatory department, two without the establishment of relevant institutions to provide business services in China, three without filing with the telecommunications department in accordance with the law, are illegal business activities
features
1. A compliant foreign exchange platform
regulated dealers, whose customers trade orders directly into the bank and the market, provide channels for banks and traders, and make profits in the foreign exchange market only through technical analysis. At present, the major foreign exchange dealers in the world are regulated by four regulatory bodies: 1. The Financial Services Authority (FSA), 2. The Commodity Futures Trading Commission (CFTC), 3. The National Futures Association (NFA) and 4. The Australian Securities and Investment Commission (ASIC), Once a complaint is made, the regulatory authorities will accept it. Moreover, every investor's trading list is the bank order corresponding to the dealer, and there will be no false trading
2. Non compliant foreign exchange platforms
small platforms that are not regulated by regulators or fake regulators. Investors just bet with dealers, that is, the so-called internal trading. The money that investors lose flows to the dealers' capital pool. Their purpose is to put the money in your pocket into your own pocket, and they will not be responsible for the investors' funds.

3. There must be fraud in digital currency investment. It's better to find formal institutions to invest, and don't trust high returns.

4. Bitcoin is a kind of tulip instry, which is supported by a group of people with faith. The daily rise and fall of bitcoin is 30%, which is extremely risky. In finance, most of the procts rise and fall about 0.2% to 1% every day. There is no investment with greater risk. It is recommended not to touch it

5. As long as he didn't use other people's funds, or I didn't misappropriate public funds. Buying financial procts is not illegal, but bitcoin trading is banned in China.

6. Buying and selling bitcoin is not an illegal act. National civil servants can still trade bitcoin. It's just virtual currency on the Internet. It's just that the state does not allow it to be sold in international and domestic markets, but it can't be said that the exchange is illegal

7. Futures practitioners can buy bitcoin. But this kind of milk. It's built on. Real name. Small amount, not. A lot of money. Uncle, 20. Roommate. Leak the inside. secretive. It's raining.