Is GEC blockchain legal in China

1.

Any network virtual currency is deceptive, which is not recognized by the state and does not have the characteristics of general equivalent. Normal currency has gold standard and silver standard

GEC is a pyramid selling project in the form of virtual currency“ "GEC environmental protection coin" has been attracting more and more people, and the mode of developing funds by pulling down the line does exist

"GEC environmental protection coin" is similar to the transaction mode of environmental protection coin, which has touched the bottom line of some laws. It is similar to the mode of pyramid scheme, which uses high income to attract users. In the end, because it does not generate profits, or the income can not cover the expenditure, that is, it can only evolve into a game of carrying sedan chair, so it is more likely to drum and pass flowers, Investors are advised to be vigilant

if you rely on offline development, you can get online revenue. This business model is very similar to MLM. The virtual currency of GEC environmental protection currency is a new currency designed by its behind the scenes controllers. The legitimacy of its transaction has not been recognized, so investors are advised not to participate

extended information:

"GEC environmental protection coin" is obviously in line with the nature of pyramid scheme

1. Attract customers with high income, but external claims only rise, which is a great temptation for investors

2. Build a pyramid sales structure, build a membership model, and realize the viral sales of GEC

3. Its sales and operation dare not be exposed to the "sunshine", only through private means, such as wechat group, which has a very high concealment and the nature of evading supervision

To sum up, the income model of "GEC green currency" seriously deviates from the nature of bitcoin assets, and even violates relevant laws and regulations. It is suggested that investors should use the investment mode similar to virtual currency cautiously. Such a model can be characterized as ICO, the core is illegal ICO, and the means is MLM model

2.

GEC is a pyramid selling project in the form of virtual currency“ "GEC environmental protection coin" has been attracting more and more people, and the mode of developing funds by pulling down the line does exist“ "GEC environmental protection coin" is similar to the trading mode of environmental protection coin, which has touched the bottom line of some laws. It is similar to the mode of pyramid scheme. It uses high income to attract users. In the end, because it does not generate profits, or the income can not cover the expenditure, it can only evolve into a game of carrying sedan chair. It is more likely to drum and pass on flowers. Investors are advised to be vigilant

if you need to develop offline, you can get online revenue. This business model is very similar to MLM. The virtual currency of GEC environmental protection currency is a new currency designed by its behind the scenes controllers. The legitimacy of its transaction has not been recognized, so investors are advised not to participate

extended information:

"GEC environmental protection coin" is obviously in line with the nature of pyramid scheme

one is to attract customers with extremely high returns and declare that they only go up but not go down, which has great attraction to investors

the second is to build the head MLM framework, build the membership mode, and realize the viral sales of GEC

Third, its sales and operation dare not be exposed to the "sunshine", but only through private means such as wechat group, which has the attributes of high concealment and avoiding supervision

All in all, the income model of "GEC eco currency" has seriously deviated from the nature of bitcoin like assets, and even violated relevant laws and regulations. It is suggested that investors should guard against similar virtual currency investment model. This kind of mode can be identified as ICO, the core is illegal ICO, and the means is MLM mode

3.

As of May 2020, blockchain and digital currency are illegal in China

according to the announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risks of token issuance and financing, Article 2 no organization or indivial shall illegally engage in token issuance and financing activities. 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

Article 3 strengthen the management of token financing trading platform

from the date of this announcement, 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 token or "virtual currency" as a central counter party, and shall not provide pricing for token or "virtual currency" Information intermediary and other services

extension data

"illegal financial institutions and illegal financial business activities ban" stipulates that:

eleventh, the criminal suspect, funds and property involved in illegal financial institutions and illegal financial activities, and the public security organs shall take compulsory measures according to law to prevent suspect from escaping and transferring funds and property. p>

Article 12 the people's Bank of China shall, after investigation and confirmation, make a decision to ban the illegal financial institutions and financial business activities, declare them illegal, order them to stop all business activities, and make an announcement

Article 13 if the people's Bank of China discovers that a financial institution opens an account, handles settlement and provides loans for an illegal financial institution or illegal financial business activities, it shall order the financial institution to stop the relevant business activities immediately. No unit or indivial may use the relevant funds without authorization

4. Now it has entered the era of digital currency. In recent years, digital currency is very popular. For example, blockchain is the focus of people's attention. Now more and more people begin to pay attention to blockchain. Many people are concerned about blockchain's entry into China's market. Domestic policies have not explained blockchain in detail. Many people are worried about whether blockchain is legal? Is blockchain legal in China? Xiaobian, let's explain the blockchain in detail

on April 9, 2017, Hangzhou municipal government and a company jointly set up a $10 billion xiongan global blockchain innovation fund, which can promote the development of blockchain projects. This initiative has also attracted the attention of many relevant financial people. At present, Hangzhou blockchain Instrial Park is one of the important initiatives funded and developed by the municipal government, I believe this case has also become one of the representative cases in China. Since then, more and more blockchains have developed all over the country<

at present, China has a new understanding of digital currency, analyzing the value of digital currency in essence, and relevant departments are also actively participating in the corresponding research. The central bank has set up a special research group and digital currency Research Institute, hoping to further explore the digitalization of sovereign currency. From the side, it can be seen that China has a positive attitude towards blockchain technology, and the Chinese government has repeatedly stressed the important role of blockchain technology in reshaping the global financial pattern

with the development of global economy, the Chinese government has realized the commercial development of domestic blockchain projects. From the blockchain projects invested by Hangzhou municipal government, it can be seen that more and more provinces will start to carry out blockchain projects in the future, which can promote the development of local economy

is blockchain legal in China? At present, the Chinese government is actively studying blockchain, and has carried out blockchain related projects in some provinces. Through the above introction, I believe that people should have a certain understanding of the blockchain. I believe that in the near future, there will be more and more blockchain projects, which can promote the development of domestic economy and enable more and more people to get more wealth from blockchain projects.

5. Compared with developed countries, China's insurance instry has been developing for a short time, and the coverage rate of insurance business, especially for accidents, serious diseases, fixed life insurance and family property insurance, is low, which makes it difficult for low security and special groups to seek risk protection procts. In this reality, as a supplement of social security and commercial insurance, network mutual assistance can provide a group heating option for the low security group, which has a positive insurance inclusive effect. Yang Yong said, "blockchain technology can be applied to all aspects of social innovation. Our vision is to provide low-cost and adequate personal and property protection for the people who need protection most in China, so that insurance can benefit the public. After that, we are willing to open up this technical solution, so that more fields can benefit from the popularization of blockchain technology. "

6. The digital currency has come into being. It's a great time to welcome the upsurge. I think it's an advertisement, like a propaganda. You should be careful not to be deceived, because this kind of digital currency is not very reliable.

7.

Because it's a green start-up coin

GEC coins can't be sold. No one may buy them or sell them in the wrong way. Users can consult with experienced investors around them. GEC coin is GEC environmental protection coin, which is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

different from most currencies, GEC does not rely on specific currency institutions to issue, and it is generated through a large number of calculations according to specific algorithms. GEC 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 feature and algorithm of P2P can ensure that it is impossible to artificially control the currency value by mass manufacturing GEC. The design based on cryptography can make GEC only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions

extended information:

notes on investment of GEC currency:

users need to pay attention to that GEC currency can not be sold, and no one may buy it or sell it in the wrong way. Users can consult with experienced investors nearby. GEC coin is GEC environmental protection coin, which is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

GEC coins started to run on February 17, 2017. The generation of GEC environmental protection coins does not depend on specific institutions, but is generally calculated by specific algorithms. The issuance rate of GEC is reced by half every five years according to the proportional sequence, and finally reaches about 8 billion, which is about 400 times of bitcoin and 100 times of Laite coin

GEC is similar to bitcoin. For example, bitcoin is also a kind of P2P digital currency, but the total number of bitcoin is only 21 million. However, there is no domestic bitcoin transaction, and there are huge risks in the process of transaction. Because the price fluctuation range is particularly large

8. It must be fake. These routines are too deep. You'd better buy some reliable financial procts by yourself. It's better to have solid investment and financial management if you want to set up the White Wolf empty handed

9. The legal, insurance legal, and licensed MLM organizations are full of pitfalls. No matter what, they are good at making money and bad at losing money. That's all