Chinese exchanges stop offering ICO's !!! Illegal fundraising punishable by death!!

in #news7 years ago

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8BTC ANNOUNCEMENT:

Dear User:

The recent number of new users, the lack of adequate understanding of the block chain market, determined people under the guise of the name of the era of the use of QQ group of false information dissemination, such as:

Rumors type 1:

XX currency ICO, about to go online.
In recent years, the bitter times on the new currency is very small, we will not easily shelves an asset just completed ICO. Not starting the currency is one of the principles.
Rumor type 2:

the era is big village, with the rest assured.
Unfortunately, the bit of the past, present and future will not participate in the market, the company does not allow internal participation in the market.
Rumor Type 3: XX currency is about to be refurbished.
We will open the tender and announce the technical refurbishment program after the tender. After the deadline of July 15, we will discuss all the proposals. Prior to this, there was no meeting to discuss this issue, but no decision.

The current rumors are also changing, initially under the guise of "industry insiders called", then has developed to modify the QQ QQ dialogue, micro-credit exchange, microblogging and even official website announcement. Please pay attention to identify, all micro-credit group, QQ group and other non-formal channels of the so-called screenshot, please carefully verify! The Please check it carefully! The Please check it carefully! The Recently, our forensic colleagues are also closely following this situation and collect evidence, according to the relevant laws and regulations, false rumor staff to prosecute, if you find any rumor, you can send evidence to [email protected] to help us. Please do not believe that any gossip, the only credible information channel is the bit of the era of official website, WeChat public release of the contents of the announcement.

Thank you for your support .
2017-06-24

Beware of the Risks from the ICO Market

YUNBI ANNOUNCEMENT:

Avatar Mike
1 hour ago Updated
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Recently, the ICO market is extremely heated, some of the ICO projects use "Collaborate with YUNBI" to advertise their projects which seriously misleads the investors.

In order to protect the benefit of the investors, YUNBI hereby declares:

YUNBI will not promise to list any of the tokens from the ICO projects before the ICO ends. Any blockchain startups using YUNBI's name to do advertisement, their behaviors would be considered as infringing acts. YUNBI will use legal means to ask for their accountability.

Please beware of the risks from the ICO market, and protect your own benefits.

Illegal fundraising is the gathering of funds from the public for financial purposes (like ICO's) , classified by the Supreme People’s Court under the thirteen most common types of fraudulent projects, from using funds to supposedly sell commodities to holding rural “Investment Fairs” to borrow at high interest rates for the purported purpose of building supermarkets.

What the thirteen types of projects have in common is that they use false advertising for nonexistent or exaggerated projects, while promising high returns. These crimes are punishable by death in China !!!!!!

Check: http://news.8btc.com/exchanges-alerts-ico-scams-and-illegal-fundraising-in-china-punishable-by-death

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After someone is punished by death things are gonna change....sad but it is the true... :-/

haha. well, this should help with the fraud issue. Death is pretty harsh. That's China for you. GEEEEZ.

It is only a matter of time before someone gets arrested ;)

a halt of ICO in China in the near future is possible, just like they ban crypo account withdraw for a few months.