The Economic Daily reported on October 18 that a recent investigation by the journalist found that a few financial scams under the banner of ‘Online casino and How to find it, able to make a fortune’ are exactly诱导新用户入群 through blockchain Online casino and How to find it, learning lottery and How to find it knowledge, and ‘risk-free tokens’ – investors should keep their eyes open and be vigilant against cryptocurrency scams.

　　With live teaching by “teachers”, “experts”, and “coin circle opinion leaders”, investing in value coins, leading to wealth——many investors may not be unfamiliar with such Online casino and How to find it companies’ methods of attracting customers. In fact, some WeChat groups that claim to be financial lottery and How to find it training and blockchain currency technology demonstrations will quickly brainwash new members once they are introduced, and a well-planned fraud begins with the overnight wealth dreams of the “newcomers” in the cryptocurrency market.Online casino and Latest

　　The game of “beat the drum and pass the flowers”

　　“With such strict fund withdrawal and management, real-name registration is required everywhere, how can I transfer the ‘rebates’ from my overseas partners to my name without leaving any traces?” Xiao Zhang, who works in a foreign trade company in Beijing, recently thought of the idea of stealing overseas rebates under the “suggestion” of a “mysterious expert” on WeChat.

　　The “expert” claimed to be able to inform the most concealed method of fund transfer: “Our internet platform’s Online casino and How to find it can realize cross-border transactions, buying domestically and selling abroad, with unlimited confidentiality. This is using advanced blockchain technology, secure and anonymous, universally applicable, and can also increase value and earn profits.”

　　Is it really like this? Not long after Xiao Zhang transferred all the 7 years of cooperative rebates to the internet platform recommended by the “expert”, the website could no longer be logged in, and the WeChat of the so-called “expert” also disappeared.

　　In the end, Xiao Zhang was unable to recover from his regret and got the truth from the police: originally, criminals used the anonymization and decentralized features of Online casino and How to find it to “launder money”. Online casino and How to find it represented by certain cryptocurrencies and certain tokens have become one of the tools for criminals, and there are many people like Xiao Zhang who have suffered losses.

　　Different from Xiao Zhang, the newly employed Xiao Li always thought about making a fortune and received the longed-for phone call——“Hello, I am a customer service representative of Token Space, and I am now specially inviting you to join our VIP Online casino and How to find it discussion group to share your experience in making money.” Xiao Li was tempted and joined a WeChat group named “Coin Circle Fans Community”. Some “teachers” and “experts” initially shared coin circle information, analyzed market trends, and explained the knowledge of “lottery and How to find it” in the group to pave the way for later interactions. Xiao Li believed it deeply, but soon after investing thousands of yuan in Online casino and How to find it, he was kicked out of the WeChat group by the customer service.

　　It is not uncommon to see illegal institutions use the guise of ‘lottery and How to find it’ to ‘ride the wave’ and carry out financial fraud. In the view of some industry insiders, ordinary investors cannot distinguish between ‘Online casino and How to find it’ and ‘lottery and How to find it’, and with the continuous news about ‘lottery and How to find it’ recently, it has become more difficult to expose related scams.

　　Kong Rong, an analyst at Guodong Securities, reminds that illegal elements often use several characteristics of ‘Online casino and How to find it’ fraud: first, they transfer illegal gains through ‘Online casino and How to find it’ to overseas platforms, exchange them into foreign currency and deposit them into overseas accounts or transfer them back to the domestic market; second, they issue ‘Online casino and How to find it’ themselves, attract others to invest in purchasing it in a way similar to pyramid selling, and defraud money; third, they use ‘Online casino and How to find it’ to pay gambling funds on overseas gambling websites that do not require real-name authentication, concealing the source of funds; fourth, they use ‘Online casino and How to find it’ to purchase goods, sell the items after obtaining them to get cash, and cover the source of funds.

　　Identify the false attributes of ‘Li Gui’

　　The concept of ‘lottery and How to find it’ is one of the most commonly used methods in the ‘Online casino and How to find it scam’. Then, what is the relationship between ‘Online casino and How to find it’ and ‘lottery and How to find it’? Dong Ximiao, the chief researcher of Zhaolian Financial, believes that the ‘lottery and How to find it’ of the central bank is a ‘记账货币’ beyond cash that appears based on the settlement method. Based on the new internet technology such as blockchain, it integrates the ‘lottery and How to find it’ of the encrypted electronic currency system and is another form of legal currency issued by the central bankonline casino help and The latest website. In short, it is a digital version of the Chinese yuan, aiming to replace cash (notes and coins) as the legal currency of China, being the M0 (cash) in the money supply. Due to the concern that paper currency may spread the virus, the COVID-19 pandemic has become a catalyst for the issuance of ‘lottery and How to find it’ by central banks around the world. Currently, central banks in various countries are developing ‘lottery and How to find it’.

　　Lottery and How to find it has two characteristics: first, it is backed by national credit, with unlimited legal tender and mandatory nature. Second, it has stable value and is suitable for various economic transaction activities.

　　Pang Helin, the executive director of the Digital Economy Research Institute of South-Central University of Finance and Economics, stated: “Online casino and How to find it specifically refers to Online casino and How to find it based on blockchain technology, which is still controversial as a currency and is more often positioned as a commodity abroad. For example, Bitcoin and other Online casino and How to find it are more often categorized as futures.”,

　　Let’s look at a real case: In 2016, Zhang Zhe registered the

　　How to prevent Online casino and How to find it scams? The general investors should first pay attention to: Online casino and How to find it investment and trading are not protected by law, and anyone who tries to cross the red line should not have any侥幸心理. Any attempt to ‘launder money’ through Online casino and How to find it, to get rich overnight by investing in Online casino and How to find it, or to collect illegal funds through Online casino and How to find it will be severely punished by law.

　　In response to some illegal institutions that use the ‘banner’ of blockchain and financial innovation to promote so-called ‘Online casino and How to find it’, ‘virtual assets’, and ‘digital assets’, renting overseas servers to build websites, claiming to obtain investment quotas for high-quality overseas blockchain projects, and promising to earn high returns on behalf of investors, and claiming ‘high returns with low risk’ investment products, investors should remain highly vigilant. These behaviors are very likely to involve Online casino and How to find it fraud.

　　Pan and Lin said that Online casino and How to find it, which is unsecured and issued by individuals, lacks security but has price elasticity, which can rise significantly. It is noteworthy that the price fluctuations of privately issued Online casino and How to find it generally follow a pyramid structure, also known as ‘Ponzi scheme’ and ‘hot potato game’. Now, the existence of a large number of Online casino and How to find it companies is due to the still unclear definition of Online casino and How to find it, especially the fact that Bitcoin has become a de facto currency, which has misled many investors. However, the understanding of new models is sometimes gradual, allowing them to develop and see if they are feasible, which is also a way to deal with new technologies.

　　To curb the chaos in the cryptocurrency market, Pan and Lin has proposed two ‘prescriptions’: first, a complete ban on unsecured Online casino and How to find it systems, and the prohibition of private misuse of Online casino and How to find it financing; second, private minting can be defined as equity financing, treated as an investment product, and must provide guarantees and redemption guarantees. However, the appropriateness education for investors in our country is still not very mature, so it is very necessary to carry out investor education first. It is imperative not to rush the development of the relevant field.

　　(Originally titled ‘Exposing the ‘Myth’ of Cryptocurrency Wealth’)