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Shanghai PBoC Warns Chinese Public Against Blockchain Investment Schemes

The Shanghai branch of the People’s Bank of China (PBoC) published an article detailing the signs of a financial scam, mentioning virtual currency and blockchain as signs of a fraudulent offering.The article, published on May 12 on Chinese social media platform QQ, consists of 16 answers to common questions that

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FTC Settles with Operators of Bitcoin Funding Team and My7Network Crypto MLM Schemes

The Federal Trade Commission (FTC) of the United States has recently banned the operators and promoters of a deceptive cryptocurrency multi-level marketing pyramid scheme, operating under the names ‘Bitcoin Funding Team’ and ‘My7Network.’The FTC has obtained the order from the court in March 2018 against the four operators of the

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