Hubei Shiyan issues warning on the risks of virtual currency pyramid schemes

According to a report by China Consumers Daily, the reporter learned from the Market Supervision Bureau of Shiyan City, Hubei Province that the bureau has recently received multiple reports targeting; Excellent Science and Technology Innovation; “ Shiyihui” “ Ronghui Capital; Waiting for complaints and reports about virtual currency projects. After initial investigation,“ Excellent Science and Technology Innovation; “ Shiyihui” “ Ronghui Capital; Waiting for virtual currency projects, claiming that investing in encrypted digital currencies can generate profits, the model involves using overseas platforms for online coin trading, and developing members in a fission form. In addition to making profits through follow-up investments, members must also invite newcomers to participate in investment through sharing, in order to“ Pulling heads” The way to profit. This behavior is suspected of using pyramid schemes to carry out illegal financial activities, which poses significant risks. To ensure the property safety of consumers, in accordance with the "Regulations on the Prohibition of Pyramid Selling" and the "Notice on Further Preventing and Dealing with the Risks of Virtual Currency Trading Speculation", the Market Supervision Bureau of Shiyan City hereby issues a risk warning to be vigilant against the pitfalls of virtual currency pyramid selling.