Digital currency SBO
sblock interstellar wallet is illegal, which is a token issuing behavior relevant departments will pay close attention to the development of the situation, strengthen coordination with judicial departments and local governments, strictly enforce the law in accordance with the existing working mechanism, and resolutely crack down on market turbulence. Transfer the suspect to the judicial organ. p> the token or "virtual currency" used in token issuance and financing is not issued by the monetary authority, does not have the monetary attributes such as legal compensation and compulsory, does not have the same legal status as currency, and cannot and should not be used as currency in the market circulation extended information: announcement on preventing the financing risk of token issuance 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 trading business between legal tender, token or "virtual currency", shall not buy or sell token or "virtual currency", and shall not provide pricing, information intermediary and other services for token or "virtual currency" for the illegal token financing trading platform, the Ministry of financial management will require the competent department of telecommunications to close its website platform and mobile applications, require the Internet communication department to delete mobile applications from the app store, and require the administrative department for Instry and commerce to revoke its business license
is illegal
as long as it has the three characteristics of entry fee, offline development and rebate, it can be judged that it is suspected of pyramid selling. It is very simple to identify whether it is MLM or not. As long as it has the following three characteristics, it belongs to MLM. First, it is required to pay the entry fee to obtain the entry qualification
s block interstellar wallet can get 100% to 5% static revenue from the first generation to the 15th generation respectively according to the number of "comet" level users directly developed
extended information:
on September 4, 2017, seven ministries and commissions, including the State Administration for Instry and commerce, China Banking Regulatory Commission and China Securities Regulatory Commission, issued the announcement on preventing the financing risk of token issuance. The announcement pointed out that virtual currency is essentially an unauthorized illegal public financing behavior, which is suspected of illegal sale of token bills, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal criminal activities
from the date of the announcement, any so-called token financing trading platform shall not engage in the exchange business between legal tender and token and "virtual currency", nor trade or act as the central counterparties to trade token or "virtual currency", nor provide pricing, information intermediary and other services for token or "virtual currency"
of course, this general definition of Finance may be too abstract, and these examples seem too simple. In fact, on the basis of these general definitions and specific financial procts, human society has deced and developed various large-scale financial markets, including various derivative financial markets based on general financial securities, which serve no more than the simple financial transactions mentioned above. The scope of financial transactions has expanded from the original blood relationship system to villages and towns, to regions, to the whole province, to the whole country, and then to the whole world< There are five elements of Finance:
1. Financial object: money (capital). The currency circulation regulated by the monetary system has the characteristics of advance, turnover and increment
2. Financial mode: represented by credit mode with loan as the main mode. The objects of transaction in the financial market are generally the written proof of credit relationship, the contractual documents of creditor's rights and debts, etc
including direct financing: no intermediary intervention; Indirect financing: finance realized through the intermediary role of intermediary institutions
3. Financial institutions are usually divided into bank and non bank financial institutions< 4. Financial place: financial market, including capital market, money market, foreign exchange market, insurance market, derivative financial instrument market, etc
5. System and regulation mechanism: Supervision and regulation of financial activities.