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What is monetary pyramid schemes (spreading currency)

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What is monetary pyramid schemes

What is monetary pyramid schemes? According to Tencent News, the head of an investment institution in Beijing recently stated that the company began conducting monetary pyramid schemes in August 2016 According to public sources, the so-called “virtual currency” (i.e. encrypted digital assets) is a completely new concept that attracts investors to enter this new field by issuing a token. The project was jointly launched by China Mobile Communications Federation (CCMC), Ant Group, etc. Its purpose is to develop and popularize blockchain technology knowledge, improve network transaction efficiency, reduce costs, enhance user trust, etc

Communication Currency

According to Xinhua News Agency, the China Communication Currency Association recently announced the establishment of the “Pyramid Marketing Alliance”. The alliance is jointly launched by the Central Bank, the International Monetary Research Institute of Renmin University of China (IMF), the Paris School of Economics, France and other organizations, aiming to improve the efficiency and transparency of financial transactions between governments of various countries by issuing global crypto digital assets (CBDC). According to reports, the goal of the “MLM Alliance” is to establish a nationally led and powerful authoritative institutional network platform, providing financial support, publicity and education services, and public goods circulation channels for various industries; Simultaneously applying blockchain technology to cross-border trade and other valuable service areas

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