Judgment results of blockchain digital currency case
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
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"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 authorizationthe MLM currency of blockchain will collapse on the day when the capital chain breaks as the underlying technology of bitcoin, "blockchain" is like a distributed database ledger. With the price of virtual currency based on blockchain technology such as "bitcoin" soaring, ordinary investors are increasingly interested in blockchain and digital currency
Li Xuyang, head of Tencent's security and anti fraud laboratory, said that there are more than 3000 MLM platforms using the blockchain concept. The reporter's inventory of recent cases found that "blockchain + fraud" mainly has three "routines"
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with the sharp rise and fall of bitcoin and the explosion of the concept of "blockchain", many pyramid schemes under the banner of "blockchain" also appear frequently
putting on the "new vest" of blockchain, the "old routine" immediately incarnates another "new shortcut" of "Chinese aunts" in pursuit of "financial freedom" and "big pits" worth hundreds of millions. Experts suggest that relevant departments establish a joint supervision and joint strike mechanism, improve the ability of risk investigation, and timely cool down the excessive speculation chaos of "blockchain"
How to identify illegal gangs is a very important skill in the Internet age. To identify whether an organization on the network is an illegal organization, you only need to identify whether it has a certain threshold fee to know
but this is only for technical talents or engineers. For ordinary people, it is not easy to use and transparent as many other unknown network procts or technical pronouns. It needs considerable technical threshold in use. As a new thing, network has developed for many years. However, e to the development of the network to the practical stage, it is only a few decades. For the Chinese people, it is still a relatively new thing. A lot of traditional deception can be packaged through the network, just for a vest, still can cheat a lot of people. Especially for the elderly. After the use of network tools, the amount of information received is greatly increased, at the same time, there will be a greater chance to come into contact with these cheating illegal groups. Just remember one principle at this time. Any project investment activities that need to be paid are all deceptive. I hope everyone can protect themselves and their families in the online world
Many friends are unfamiliar with bitcoin's computing power, bitcoin's mining machinery, mines and mining returns. Let's take a look at the operation mechanism between bitcoin and blockchain records in detail. First of all, what is blockchain? We can think of it as a distributed ledger and a corresponding credit network. In this network, everyone's behavior can be recorded on the chain, and it supports verification and retrospective investigation. Multiple chains are combined to form a block. We call it a miner who is responsible for recording this information on the chain
so, seeing here, I believe you can understand what is bitcoin's computing power and what is bitcoin's mining? In addition, the current mines are basically monopolized by large institutions, or the so-called entry threshold is very high. There is no investment of several million yuan or tens of millions of yuan. Basically, they are retail investors in the current bitcoin mining instry, and retail miners often give up mining because of the large fluctuation of computing power and the rise of electricity cost< br />
No, blockchain is the underlying technology, and virtual currency is mostly developed or derived from this underlying technology
Mr. Yuan Wang is engaged in the development of digital asset blockchain system. If necessary, you can search "Mr. Yuan Wang" on the Internet to find detailed communication.
“ The biggest case in the coin Circle & quot; The second instance of plustoken case is in Jiangsu & middot; Yancheng sentence. The case involved more than 2 million participants, more than 3000 levels of hierarchical relationship, and the total value of digital currency involved exceeded 40 billion yuan
Yancheng intermediate people's Court of Jiangsu Province issued a criminal ruling of second instance, rejecting the appeal and maintaining the original judgment. According to the judgment of the first instance, 14 defendants, including Chen Bo, Ding zanqing and Peng Yixuan, committed the crime of organizing and leading pyramid selling activities, and Chen Tao, who committed the crime of covering up and concealing the crime, was sentenced to two to eleven years' imprisonment and a fine
At the beginning of the 19th century, Yancheng public security organs received a report that some people used plutoken network platform to commit pyramid selling crimes, and Yancheng public security organs put the suspects on file for investigationunder the coordination of the Ministry of public security, the special case police officers went to Vanuatu, Kampuchea, Vietnam, Malaysia and other countries and regions, and successfully arrested 27 suspect suspects who were hiding abroad. Meanwhile, 1 suspect suspects were arrested in the territory. p>
in the past 20 years, the Ministry of public security deployed the national public security organs to arrest all 82 key members suspected of pyramid selling
Blockchain is a kind of network with data; Hash Verification & quot; The purpose of the functional database is to verify the effectiveness of information, which is generally applicable to finance, insurance, public welfare, public services, mobile communications and other fields. Therefore, in recent years, many criminals have focused on the blockchain for online gambling to seek huge benefits. In January 15, 2021, the Jianhu police in Yancheng successfully cracked the first case of gambling in the country using block chain contract technology, and arrested 11 suspects, and the number of gamblers reached as high as 7.3 million. The funds involved were as high as 8 billion yuan , involving 17 countries and regions. p> In October 2020, Jianhu police received a clue that there was a new one on the public chain of grapefruit coin called & lt; Biggame” Grapefruit is a digital currency issued by foreign organizations, which is allowed to be used in public blockchain. There are more than 10000 people participating in this gambling app every day, and the daily bet amount is more than 10 million yuan. The way to participate in gambling is our common fruit machine, Red Black War and so on
have you ever been led to participate in virtual currency gambling