Lawyer: The coin distribution model is very likely to constitute a pyramid scheme crime

Lawyer Liu Zhengzheng issued an article pointing out that the current model of distributing coins is very likely to constitute a pyramid scheme crime in China’s criminal law. Once the online exchange of distributing coins opens secondary market transactions and exchanges between ordinary participants (retail investors), the promotion, publicity and development of distributing coins will inevitably be linked to mainstream currencies and even legal currencies. At this time, the judicial authorities have confidence and motivation to determine that the organizations, leaders, and promoters of distributing coins constitute pyramid schemes. If you obtain coins and sell them through the development of downlines, once the downlines level exceeds three levels (inclusive), it belongs to a pyramid scheme organization, leader, or its accomplice under China’s criminal law. Read the full text: Link

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