Market value pyramid selling of virtual currency
Publish: 2021-05-27 12:12:13
1. May involve illegal fund-raising and pyramid selling and other related criminal crimes
(1) at present, there is no regulation to regulate the trading platform, but the trading platform should also fulfill the audit obligation. For example, when online trading various network virtual currencies, it should audit whether the currency is a network virtual currency based on blockchain technology
(2) if the trading platform knows that the online trading currency is suspected of MLM, but in order to collect Commission, it also provides trading services for the currency and promotes its development, once the currency is identified as MLM, the trading platform may have to bear certain legal liabilities
(3) at the same time, a large number of customers' funds are stored in the accounts of virtual currency trading institutions. However, all online virtual currency trading institutions are not qualified to absorb public funds, which makes trading institutions face the potential risk of illegal fund-raising
the 2017 version of the guide to the identification of internet pyramid selling (hereinafter referred to as the guide) lists several differences between virtual currency and pyramid selling currency:
(1) from the perspective of issuing mode, virtual currency does not rely on specific monetary institutions, it is a decentralized issuing mode according to specific algorithms; The MLM currency is mainly issued by a certain institution, and the profit is made by pulling the head
(2) from the perspective of transaction mode, virtual currency is a kind of sporadic transaction spontaneously formed by the market. After the scale is formed, the transaction is graally completed by a third party establishing an exchange, while MLM currency is issued by an institution and traded on its own platform
(3) from the perspective of implementation, virtual currency itself is an open source program, while the open source of MLM currency is completely ing other people's open source code, and there is no use of open source code to build programs, which is essentially controlled by the website as Q coin.
(1) at present, there is no regulation to regulate the trading platform, but the trading platform should also fulfill the audit obligation. For example, when online trading various network virtual currencies, it should audit whether the currency is a network virtual currency based on blockchain technology
(2) if the trading platform knows that the online trading currency is suspected of MLM, but in order to collect Commission, it also provides trading services for the currency and promotes its development, once the currency is identified as MLM, the trading platform may have to bear certain legal liabilities
(3) at the same time, a large number of customers' funds are stored in the accounts of virtual currency trading institutions. However, all online virtual currency trading institutions are not qualified to absorb public funds, which makes trading institutions face the potential risk of illegal fund-raising
the 2017 version of the guide to the identification of internet pyramid selling (hereinafter referred to as the guide) lists several differences between virtual currency and pyramid selling currency:
(1) from the perspective of issuing mode, virtual currency does not rely on specific monetary institutions, it is a decentralized issuing mode according to specific algorithms; The MLM currency is mainly issued by a certain institution, and the profit is made by pulling the head
(2) from the perspective of transaction mode, virtual currency is a kind of sporadic transaction spontaneously formed by the market. After the scale is formed, the transaction is graally completed by a third party establishing an exchange, while MLM currency is issued by an institution and traded on its own platform
(3) from the perspective of implementation, virtual currency itself is an open source program, while the open source of MLM currency is completely ing other people's open source code, and there is no use of open source code to build programs, which is essentially controlled by the website as Q coin.
2. China has banned these virtual currencies< (2) no organization or indivial is allowed to illegally engage in token issuance and financing activities
from the date of this announcement, all kinds of token issuance and financing activities shall be stopped immediately. 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< Fifth, the public should be highly alert to the potential risks in the financing and trading of token issuance
there are multiple risks in the financing and trading of token issuance, including the risk of false assets, the risk of business failure, the risk of investment speculation and so on. Investors should bear the investment risk on their own, and hope that the majority of investors will be wary of being cheated
for all kinds of illegal financial activities carried out by using the name of "currency", the public should strengthen the awareness of risk prevention and identification ability, and timely report relevant illegal clues< br />2017-09-04
from the date of this announcement, all kinds of token issuance and financing activities shall be stopped immediately. 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< Fifth, the public should be highly alert to the potential risks in the financing and trading of token issuance
there are multiple risks in the financing and trading of token issuance, including the risk of false assets, the risk of business failure, the risk of investment speculation and so on. Investors should bear the investment risk on their own, and hope that the majority of investors will be wary of being cheated
for all kinds of illegal financial activities carried out by using the name of "currency", the public should strengthen the awareness of risk prevention and identification ability, and timely report relevant illegal clues< br />2017-09-04
3. At present, it is difficult to distinguish between digital currency and pyramid selling currency, because bitcoin blockchain technology is open source, and anyone can use blockchain technology to create cat coin and dog coin
the essence of money is circulation. At present, there is no circulation digital currency approved by the government, so the digital currency in the market is basically playing the sideball
the most important feature of MLM is to promise expected return! In short, you are interested in high return, others are interested in your principal
remember the benchmark - no greed, no pursuit, no gain for nothing! Because there are too many changes in the form of MLM, MLM can always let you be cheated, one by one, it's different!
the essence of money is circulation. At present, there is no circulation digital currency approved by the government, so the digital currency in the market is basically playing the sideball
the most important feature of MLM is to promise expected return! In short, you are interested in high return, others are interested in your principal
remember the benchmark - no greed, no pursuit, no gain for nothing! Because there are too many changes in the form of MLM, MLM can always let you be cheated, one by one, it's different!
4. Identifying whether virtual currency is a pyramid scheme is a bit of a bluff
the purpose of offline development and the t of high return is MLM
for MLM, you can refuse to join.
the purpose of offline development and the t of high return is MLM
for MLM, you can refuse to join.
5. To judge whether it is MLM or not, we need to analyze the legal connotation of this behavior from a legal point of view. If the following conditions are met, it belongs to MLM< According to the "Regulations on the prohibition of pyramid selling":
Article 2, pyramid selling refers to that the organizer or operator's development personnel seek illegal benefits by calculating and paying remuneration to the developed personnel based on their number of directly or indirectly developed personnel or sales performance, or requiring the developed personnel to obtain the qualification of joining in the condition of paying a certain fee, Disturbing economic order and affecting social stability< Article 7 the following acts belong to pyramid selling:
(1) organizers or business operators, through development personnel, require other personnel developed by the developed personnel to join, and calculate and pay remuneration (including material rewards and other economic benefits, the same below) to the developed personnel based on the number of personnel developed directly or indirectly, so as to seek illegal benefits
(2) the organizer or business operator, through the developer, requires the developed person to pay fees or pay fees in disguised form by way of subscribing for commodities, so as to obtain the qualification of joining or developing other persons to join and seek illegal interests
(3) the organizer or business operator, through the development personnel, requests other personnel developed by the development personnel to join, forms the relationship between the upper and lower line, and calculates and pays the online remuneration based on the sales performance of the lower line, so as to seek illegal interests
in the regulations on the prohibition of pyramid schemes, the concept of hierarchical relationship is repeatedly mentioned. The hierarchical relationship formed by certain rules is only a phenomenon in many pyramid schemes. It must be related to the illegal possession of other people's property before it can be suspected of pyramid schemes.
Article 2, pyramid selling refers to that the organizer or operator's development personnel seek illegal benefits by calculating and paying remuneration to the developed personnel based on their number of directly or indirectly developed personnel or sales performance, or requiring the developed personnel to obtain the qualification of joining in the condition of paying a certain fee, Disturbing economic order and affecting social stability< Article 7 the following acts belong to pyramid selling:
(1) organizers or business operators, through development personnel, require other personnel developed by the developed personnel to join, and calculate and pay remuneration (including material rewards and other economic benefits, the same below) to the developed personnel based on the number of personnel developed directly or indirectly, so as to seek illegal benefits
(2) the organizer or business operator, through the developer, requires the developed person to pay fees or pay fees in disguised form by way of subscribing for commodities, so as to obtain the qualification of joining or developing other persons to join and seek illegal interests
(3) the organizer or business operator, through the development personnel, requests other personnel developed by the development personnel to join, forms the relationship between the upper and lower line, and calculates and pays the online remuneration based on the sales performance of the lower line, so as to seek illegal interests
in the regulations on the prohibition of pyramid schemes, the concept of hierarchical relationship is repeatedly mentioned. The hierarchical relationship formed by certain rules is only a phenomenon in many pyramid schemes. It must be related to the illegal possession of other people's property before it can be suspected of pyramid schemes.
6. The business model of virtual currency is the same as that of MLM, and bitcoin is the most famous virtual currency
however, the attitude of regulators is clear. Whether it is genuine bitcoin, or a variety of derivative Shanzhai coins, there is no way to obtain legal living space at present. This is something we need to be clear about. If the platform goes out of business or the staff runs away, it is very likely that they will lose all their money and the losses they have suffered will not be protected by law
the promises they give you often make the participants pay money quickly. Behind them is the Ponzi scheme of "robbing the east to pay the west" + "cheating the white wolf with empty hands". They use the money of new investors to pay interest and short-term return to old investors, so as to create the illusion of making money and cheat more investment. When no new investors enter, the return of old investors collapses one after another, and it is often difficult to withdraw cash, or the website cannot be opened
in short, although the external form of virtual currency is ever-changing, it is not divorced from its essence of pyramid selling. The more investors put in, the greater the final loss, and the more serious the loss may be.
however, the attitude of regulators is clear. Whether it is genuine bitcoin, or a variety of derivative Shanzhai coins, there is no way to obtain legal living space at present. This is something we need to be clear about. If the platform goes out of business or the staff runs away, it is very likely that they will lose all their money and the losses they have suffered will not be protected by law
the promises they give you often make the participants pay money quickly. Behind them is the Ponzi scheme of "robbing the east to pay the west" + "cheating the white wolf with empty hands". They use the money of new investors to pay interest and short-term return to old investors, so as to create the illusion of making money and cheat more investment. When no new investors enter, the return of old investors collapses one after another, and it is often difficult to withdraw cash, or the website cannot be opened
in short, although the external form of virtual currency is ever-changing, it is not divorced from its essence of pyramid selling. The more investors put in, the greater the final loss, and the more serious the loss may be.
7. English abbreviation (code) of global futures exchange English name of regional exchange code
SHFE Shanghai Futures Exchange
DCE Dalian Commodity Exchange
CZCE Zhengzhou Commodity Exchange
CBOT the Chicago Board of trade
CME Chicago Mercantile Exchange
International Futures Market IMM of Chicago Mercantile Exchange -
CBOE Chicago Board Options Exchange
NYMEX New York Mercantile Exchange
NYBOT New York Board of trade
Comex commerce exchange
MidAm MidAmerica commodity exchange
KCBT Kansas City Board of trade
me Montreal exchange markets
LIFFE London International Financial
futures and Options Exchange < br />Lce London commerce exchange
IPE International Petroleum Exchange
LME London Metal Exchange
matif -
Germany China's German futures exchange DTB Deutsche Boerse
Swiss Options and financial futures exchange SOFFEX Swiss Exchange
Sweden's Stockholm Options Exchange om om stock
Spain's fixed income financial futures exchange meffrf MEFF Renta fija
Meffrv MEFF Renta variable
TIFFE the Tokyo International Financial
futures exchange
TOCOM the Tokyo Commodity Exchange Ge
tge the Tokyo Grain Exchange
ote -
mdce -
SIMEX Singapore International Monetary Exchange
SICOM Singapore commodity exchange
SFE Sydney Futures Exchange
NZFOE New Zealand Futures & Options Exchange
Hong Kong HKFE Hong Kong Futures Exchange
TAIFEX Taiwan Futures Exchange
safex South African futures exchange
SHFE Shanghai Futures Exchange
DCE Dalian Commodity Exchange
CZCE Zhengzhou Commodity Exchange
CBOT the Chicago Board of trade
CME Chicago Mercantile Exchange
International Futures Market IMM of Chicago Mercantile Exchange -
CBOE Chicago Board Options Exchange
NYMEX New York Mercantile Exchange
NYBOT New York Board of trade
Comex commerce exchange
MidAm MidAmerica commodity exchange
KCBT Kansas City Board of trade
me Montreal exchange markets
LIFFE London International Financial
futures and Options Exchange < br />Lce London commerce exchange
IPE International Petroleum Exchange
LME London Metal Exchange
matif -
Germany China's German futures exchange DTB Deutsche Boerse
Swiss Options and financial futures exchange SOFFEX Swiss Exchange
Sweden's Stockholm Options Exchange om om stock
Spain's fixed income financial futures exchange meffrf MEFF Renta fija
Meffrv MEFF Renta variable
TIFFE the Tokyo International Financial
futures exchange
TOCOM the Tokyo Commodity Exchange Ge
tge the Tokyo Grain Exchange
ote -
mdce -
SIMEX Singapore International Monetary Exchange
SICOM Singapore commodity exchange
SFE Sydney Futures Exchange
NZFOE New Zealand Futures & Options Exchange
Hong Kong HKFE Hong Kong Futures Exchange
TAIFEX Taiwan Futures Exchange
safex South African futures exchange
8.
If it is around 2017, with the last round of bitcoin's super bull market, maybe many counterfeit currencies are indeed MLM currencies in essence. However, after so many years of washing up and the corresponding regulatory crackdown, the proportion of MLM in the digital money market has been relatively rare. However, it is undeniable that 9% of digital currencies are still deceptive, but they are no longer in the mode of pyramid selling to carry out the corresponding money circulation and leek cutting
if you really want to invest in a high-risk digital money market, it is recommended that you do not choose the so-called new currency, including a series of counterfeit currencies, and choose the top 10 digital currencies directly according to the current market value ranking for a corresponding transaction, In this way, the probability of losing money will be greatly reced, and all the principal will not be lost completely. Moreover, if you choose to trade, in view of the current market share, it is suggested that you should give priority to several formal trading platforms in the head, and the probability of running away is low< br />
9. Kowlongbay International Trade & Exhibition Center (KiTEC), formerly known as Hong Kong International Trade & Exhibition Center (HITEC), is a rare entertainment and activity venue in the city, Located in the core area of Kowloon Bay, it is fast and convenient to travel to and from various districts; In addition to providing free shuttle buses to and from MTR Kowloon Bay station, a number of bus and minibus routes are also available. In addition, E-MAX has about 400 hourly parking spaces. It takes only 20 minutes to drive to central and 10 minutes to drive to Tsim Sha Tsui and Kowloon Tong.
Hot content