What is the secret of the "cloud coin scam"?

Secret: British Genting Group relies on cloud currency (a virtual currency) for similar pyramid schemes. Moreover, the registered capital of the company is only HK$ 654.38 million, which is the lowest registered company in Hong Kong. At the same time, the company did not obtain the relevant license from the Czech Central Bank (CNB) as advertised.

Yunbi is authorized by the British Yunding Group and registered in the British Cayman Islands. Official website said, "The company's virtual currency Yunbi has the world's first electronic currency issuance license issued by the European Union, which is jointly developed by the world's top economists, and is provided with reserves by three major European national banks and international financial institutions." But in fact, issuing cloud coins is a scam.

In the eyes of cloud currency investors, cloud currency is a virtual currency similar to bitcoin. Because its price fluctuates constantly, cloud currency holders can earn the difference by buying and selling constantly. All transactions are conducted on websites that are only open to members.

The issue price of Yunbi is $65,438 +0. The entry threshold ranges from $ 100, $ 1000 to $5,000 * * and is divided into Puka members, Platinum members and Yellow Diamond members.