Is virtual currency MFC MLM

1.

virtual currency is not MLM

virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, QQ currency of Tencent company, q-point, voucher of Shanda company, micro currency launched by Sina, chivalrous Yuanbao, silver pattern. Digital currencies include bitcoin, Wright coin, infinite coin, quark coin, zeta coin, barbecue coin, penny coin, invisible gold bar, red coin and prime currency. At present, hundreds of digital currencies are issued all over the world

< H2 > development materials:

network virtual currency can be roughly divided into

the first category is the familiar game currency. In the era of stand-alone games, the protagonist accumulates money by knocking down the enemy, entering the gambling house to win money, and using these to buy Herbs and equipment, but it can only be used in his own game console. At that time, there was no "market" between players. Since the establishment of Internet portal and community, the realization of game networking, virtual currency has a "financial market", players can trade game currency

the second type is the special currency issued by the portal website or instant messaging service provider, which is used to purchase the services in the website. The most widely used is Tencent's q-coin, which can be used to purchase membership, QQ show and other value-added services

the third kind of virtual currency on the Internet, such as bitcoin and Wright currency. Bitcoin is an electronic currency proced by open-source P2P software. Some people also translate bitcoin as "bitcoin", which is a kind of network virtual currency. It is mainly used for Internet financial investment, and can also be directly used in daily life as a new currency

< H2 > reference: virtual currency network

2.

MFC has been identified as MLM by the Chinese police and the New Zealand monetary authority

According to the Chinese website of New Zealand Herald, on July 19, the New Zealand financial market authority issued a warning through its official website to remind local Chinese to pay attention to a financial institution called MBI International (which also operates under the name of MFC Club). The notified institution is promoting a fixed return investment proct in Auckland Chinese community, which is not regulated by New Zealand law; In addition, the company (or its subsidiaries) has been listed on the financial consumer alert list in other countries

According to the report, the financial market authority (FMA) is the financial market regulator in New Zealand, which is responsible for the regulation of financial services and securities markets

on the reasons for the warning, the FMA said it was concerned about a Malaysian customer loyalty program being promoted by MBI International (also operating under the name of MFC Club) (MFC Club) in New Zealand. The financial market authority has received a report that MFC club is actively carrying out promotional activities in Auckland's Chinese community

the Monetary Market Authority understands that MFC club is promoting through seminars and promotional meetings, and has received reports that statements about MFC club may be unsubstantiated and / or false and misleading, including claims that MFC club is an investment and that the value of any investment will double every year. The FMA noted that the scheme is not a regulated proct in New Zealand and advised caution when dealing with MFC club

in addition, the FMA said that they also noted that the National Bank of Malaysia (BNM) has included MBI international Sdn Bhd and m face international Sdn BDN in its financial consumer alert list, which includes companies and websites that are not authorized or approved by relevant laws and BNM regulations

< H2 > extended information:

on May 31, 2018, the Economic Investigation Bureau of the Ministry of public security revealed seven types of pyramid schemes traps to remind the public to be vigilant. Among them, virtual currency, consumer rebate, wechat mobile game and financial mutual aid are related to the Internet, and the other three traditional types of MLM, namely, proct prop, capital operation and charity mutual aid, can not be ignored

in November 2017, Shanghai municipal public security organs, together with other public security organs across the country, cracked the case of "MBI" international group suspected of organizing and leading pyramid schemes. It is understood that in 2015, Wang, a suspect, was registered online and joined the "MBI" (group headquarters in Malaysia).

"MBI" has set up "MFC game financing platform" on the Internet under the guise of "game financing plan" to turn its "barter currency" (also known as GRC and M currency) into "virtual currency"“ MBI makes the "barter currency" circulate through online shopping mall and offline business transactions, and then publicizes the lies of "virtual currency" only rising but not falling by holding propaganda meetings and other forms

according to the introction, where the "MFC game token financing" went, many victims' hard-earned money for many years was swept away, and many family members turned against each other and friends became enemies

the real reason for the geometric multiple growth of participants is the "dynamic income", that is, the reward for developing offline. Like most pyramid schemes, "MBI" has also set up "direct promotion Award", "confrontation Award" and "algebra Award". According to the number of development lines and the amount of investment, they are presented in the form of tokens. The participants form a huge pyramid network, and the essence of its operation is the Ponzi scheme of "eat first and then"

in a video provided by the police, the suspect Xu said that this is a "zero sum game", investors are looking at the rate of return, in fact, the company is looking at the capital of investors. According to the police, MLM can not be replaced without the three characteristics of paying entry fees, developing offline, and getting paid through direct or indirect development offline. We need to be alert to two new types of MLM, namely wechat mobile games and financial mutual assistance

it is understood that MLM like "spark prairie" and "magic farm" are bound together with the publicity of "Internet finance" and "game finance" by means of wechat, mobile travel and other simple and convenient ways to create a "fastest spreading" wechat mobile travel MLM. MLM organizers falsely claim that they can get rich while playing games. The biggest feature is that the entry threshold is low. Players join the game sequence by scanning the QR code, forming the relationship between the upper and lower lines, and spreading faster

"integrity trading treasure" such as financial mutual MLM, known as the "capital plate" of the network world, known as building a mutual win-win platform. Participants must give up first and get later. Only by self-help matching on the platform and providing financial help for others, can they obtain the qualification of being helped by others. The design of financial mutual aid MLM focuses on capital, plays the capital game and money stimulation, so that more participants can not break the situation, which is a more confusing MLM mode

one day in March this year, the internet police brigade of Tengzhou Public Security Bureau in Shandong Province found that a Biotechnology Co., Ltd. was suspected of engaging in pyramid selling. The person in charge of the company develops members by "buying hundreds of yuan of daily necessities and skin care procts". Members form a pyramid like hierarchical structure on the company's website according to the recommended relationship. Marketing systems such as layer award and quantity award are formulated. The number of members developing offline is used as the basis for remuneration and rebate to lure participants to develop offline

according to the introction of Tengzhou public security network police brigade, the marketing means of the organization involved in communication can get a free ride on the Internet. Contact the factory through the network to proce a brand of daily necessities and skin care procts, exaggerate the efficacy, set the sales price at 5-10 times of the purchase price, instill the dream of making a fortune to the members through wechat chat and field lectures, and publicize the bonus system. At present, the case is still under investigation

relevant people from the Economic Investigation Bureau of the Ministry of Public Security said that the traditional pyramid selling of procts and props should not be ignored. For example, the infamous "butterfly bud" pyramid marketing case took procts as a gimmick and developed offline in the name of selling skin care procts, health care procts and daily necessities

there are some similarities between the consumption rebate type of MLM and the traditional proct prop type of MLM, but they are more hidden. This kind of MLM activities, represented by "xinfutu", under the banner of e-commerce or micro commerce, rely on the online mall, use a small amount of goods as props, and use "consumption rebate" and "value-added consumption" as t to lure members to join. The seemingly beautiful "sharing economy" is actually all deceptive

3. 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.

4. In theory, the purpose of the central bank to issue digital currency is to graally replace paper money. Paperless trading has been tried in some western developed countries, but it is still in the trial stage
digital currency has a long way to go in China, and the infrastructure in most areas of China can't keep up. The digital currency trial run by the central bank will first be applied to the bill market. At present, there are some applications of digital currency in China. For example, Puyin digital currency launched by Puyin group is a standard digital currency, which has the mortgage of real assets, mainly tea related assets.

5. This platform is MBI's financial management platform. It has been more than three years and has increased 500 times. Its business has developed to more than 60 instrial chains in more than 40 countries in more than six years

6. This is not what we have said. If you go to the Ministry of Commerce, you can understand it. If you want to do it, you have to make sure it is legal

7. You should try to re install the NIC driver or turn off your firewall.