Sentences with phrase «cryptocurrency pyramid schemes»

Not exact matches

Additionally, a notice from China's Ministry of Public Security in January in which the agency, which manages the country's police force, said it will take aim at cryptocurrency - related pyramid schemes.

China's public security ministry said on Friday that it will take aim at pyramid schemes in the country, including those that purportedly involve cryptocurrencies.

Following that, the country's Ministry of Public Security said in a statement on Jan. 19 that the agency intends to crack down on pyramid schemes that involve cryptocurrency.

As a result, there are lots of scams, pyramid schemes, and other types of fraud centered around Bitcoin and other cryptocurrencies.

Dozens of cryptocurrency users in Bolivia were arrested in 2017 because this type of technology is viewed as a criminal «pyramid scheme.»

Amid the surge of global interest in cryptocurrencies, the Russian Central Bank head has commented on the phenomenon she believes has signs of a pyramid scheme.

Dimon's colleague at JP Morgan, strategist Marko Kolanovic, said in a note last month that the cryptocurrency market «exhibits some parallels to fraudulent pyramid schemes.»

Naturally it's the next big thing in the super convoluted world of cryptocurrencies, where people spend a lot of time cooking up fancy new names for pyramid schemes.

An informant details that China's Public Information Network Security Supervision task - force is closely watching both domestic and foreign trading platforms involved with cryptocurrencies to prevent fraud, pyramid schemes, and money laundering.

As cryptocurrencies gathered the attention the general public around the world, many pyramid and Ponzi schemes appeared in the market.

The government claims that it has implemented these policies to prevent pyramid schemes, money laundering, and other fraudulent activities associated with the cryptocurrency industry.

Officials have reportedly suggested that banks should suspend service to clients found to have engaged in cryptocurrency trading under the pretense of preventing pyramid schemes, money laundering, and other fraudulent activities the government has attributed to cryptoassets.

Not only did he warn about the dangers of cryptocurrencies, but a senior official at the central bank called ICOs a «pyramid scheme.»

Use taskforce to go after «fraudsters» who are scamming Main Street investors in ICO pyramid schemes, and worthless cryptocurrencies.

In my opinion, in a country where millions have suffered from pyramid schemes, it is impossible to allow the situation when citizens sell apartments in order to make investments in cryptocurrencies to repeat.»

The site also provides a handy blog post for traders new to Bitcoin, which serves to educate those new to the cryptocurrency, as well as dispelling some of the rumors that have spread around the coin, chief among them the rumor about Bitcoin being a pyramid scheme.