The Internet Finance Association of China issued a virtual currency security tip: Be wary of "air currency" bureaus, pyramid schemes bureaus, and platform bureaus
According to online reports, the official warning of the China Internet Finance Association, a subsidiary of the People's Bank of China, to be wary of virtual currency pyramid schemes (New currency issuance only rises but not falls, development benefits are extremely large, purchase coins to obtain membership, and online development levels),"Air Currency" Bureau (Decentralized blockchain innovation projects, the price of XX coins skyrocketing after it goes online, XX coins will be given when new projects are subscribed online, and XX coins will be recommended by a big boss), platform bureau (registration for transactions means free virtual currency, massive platform transactions, and quick cash withdrawals), these projects often carry out illegal activities such as pyramid schemes and fraud under the banner of "decentralized blockchain innovation projects".
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