Chinese watchdogs Warned Illegal Fundraising for new join Crypto porjets ????????
Hello Guys ,
Another crypto news coming from coin desk that , Chinese Regulatory authority jointly issued warning against New block chain projects trading etc which is illegally performing and new joints are creating with raising fund illegally ..
Image taken from coin desk 
coindesk.com
The agency Also stated that **Six High level watchdogs arevery angry and seriously given warning against illegal fund raising and trading... Among them BRC- Banking Regulatory Commission, PBC- People's Bank of China , CCAC - Central Cyberspace Affairs Commission , Ministry of Public Security Are taking major Part for preventing this type of fraudulent uses.
They also stated that:
"Some individuals claim in chat groups on messaging applications that they are able to invest in overseas crypto projects on behalf of domestic investors as a broker. ... These claims are highly likely to be fraudulent."
This type of fraudulent activity which are mainly using overseas IP address and requestiong provoking money raising though mobile payment of Chinese residents.
News Reporter Wolfie Zhao Also stated on his news column that...
"Some of these projects tap celebrities and airdrop 'candies' as ways for promotion and solicitation. ... In fact, they manipulate the prices of such cryptocurrencies to make profits illegally," the regulators wrote in the warning, adding
Regulator aslo warned the public against illegal fund raising for newly joint crypo and block chain market and trading .
as this type of illegal trading activity . But old ICO - innitial coin offerings, Initial exchange offering , Initial fork offering , innitial minner offering would conntinues as before have no issue...
News agencies also says that *** Alipay WechatPay ** also co-operating government agencies to monitors suspect illegal transaction against crypto money laundering.....
For more details of these subjects Please visit .. bellow adress -----
https://www.coindesk.com/chinese-watchdogs-blast-illegal-crypto-fundraising-in-new-joint-warning/
Thanks for Reading--
Regards - SumantaKumar
Please follow me on : @sumantakumar
Wow that was good step I think....
Very good initiative.....
Yes hope this step will reduce manipulation
Thank you.. Hope there some whale will get into trapped.
Yaup, really good step
Absolutely.......
This is such a good step to reduce manipulate... This blog is carrying a good information....
What is ICO?
I think ICO is just like Initial Currency offering ......
ICO stand for Initial currency offering.... Just like IPO - Initial public offering....
Oo
Thanks...
New abbreviation for me....
It's initial coin offering
Today Most of ico are corrupt
Posted using Partiko Android
All are not but most of it ...
I think 99% are corrupt.. but few very few are genuine.....
This 1% will lead the world.
Congratulations @sumantakumar! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
SteemitBoard and the Veterans on Steemit - The First Community Badge.
Wow another achievement..
VALO , ATANTYA TATHYAPURNA LEKHA
DIL MANGE MORE https://steemit.com/actress/@munia352/sridebi-god-s-blessing-to-indian-viewers
Bhagwan onar atmar shanti din....
Such warning was necessary.
China has big economy in the world.
It will also influence other countries to take such steps.
China has published this news let see what impacts will be there.. we need to wait some times for impact that will comes form it...
Let's wait a while....time will speak...
Yes lets see Dragon can prevent it or not....
You got voted by @curationkiwi thanks to amusdnom! This bot is managed by @KiwiBot and run by @rishi556, you can check both of them out there. To receive maximum rewards, you must be a member of @KiwiBot. To receive free upvotes for yourself (even if you are not a member) you can join the KiwiBot Discord linked here and use the command !upvote (post name) in #curationkiwi.
Please spread awareness about this dangerous game.
Please upvote, resteem and comment if you like this post.
https://steemit.com/momo/@bindas/be-aware-of-momo-challange
yes we should aware of this bad effect just like blue whale ---to the youngest member and specially parents....