Risk tips for preventing illegal fund-raising in the name of "virtual currency" and "blockchain"
Third, there are many illegal risks. Through public publicity, criminals use "static income" (profit from speculative currency appreciation) and "dynamic income" (profit from off-line development) as bait to attract public investment, lure investors and developers to join, and constantly expand the pool of funds, which is characterized by illegal fund-raising, pyramid selling, fraud and other illegal acts.
Criminal law of the people's Republic of China
Article 192 Whoever illegally raises funds by fraudulent means for the purpose of illegal possession, if the amount is relatively large, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than five years but not more than ten years, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan or confiscated property.