Recently, some netizens posted an envelope to the mayor on the official website of Changsha Municipal People's Government. The content of the letter is: "Hunan Qubu Network Co., Ltd. was rumored to be an illegal pyramid scheme. Please check whether the situation is true and give me a satisfactory answer. Thank you! "
The mayor also gave a reply: "Hunan Qubu Network Technology Co., Ltd. is suspected of illegal pyramid schemes, illegal fund-raising, financial fraud and other illegal acts, and has been investigated by relevant units!"
The business model of "Fun Step" is secret pyramid selling. On June 14, the Economic and Technological Development Zone Branch of Changsha Administration for Industry and Commerce, together with law enforcement officers, received a complaint that "Fun Step" was suspected of pyramid schemes and made a door-to-door inspection. As a result, the company's door was closed and law enforcement officers did not answer the phone.
Fun step has been put on file for investigation, which means that everyone can no longer make money with fun step. Users who have registered for Fun Step must stop using Fun Step to protect their personal information. At the same time, software similar to Fun Step, such as Wisdom Crystal and Walden Block Dog, can no longer be used.
Issuing speculative virtual currency is suspected of violating the law.
Zhang Jingyu, a lawyer of Shandong Chenggong Law Firm, said that the "candy" of Qubu Company can be exchanged for goods, or the so-called GHT can be exchanged for cash. It can be said that Fun Step Company endows candy with the property of equivalent, so it can be defined as a virtual currency. At present, there is no institution in China that recognizes the legitimacy of virtual currency. Virtual currency does not have all the functions of money and cannot replace RMB in the market.
In addition, it is worth noting that the registered capital of Qubu Company is only 3 million yuan, while the number of "candy" issued by it is as high as 654.38+0 billion. As a virtual object with value attributes, the company does not have the carrying capacity. On this basis, to speculate on this virtual object, its behavior is the same as that of speculation, only with a different name. If the platform issues and hypes virtual currency in other names, it will also be suspected of fraud, pyramid schemes, illegal fund-raising and other crimes.
In recent years, virtual currency speculation in various names has emerged one after another. Lawyers reminded that virtual currency speculation lacks legal basis and effective supervision mechanism in China, and investors are advised to invest cautiously before relevant laws and systems are perfected.