Legal analysis: illegal. 1June 9, 1 1, this venture foundation was officially listed as an illegal organization, because this organization began to promote its own virtual currency in various places. After some people had some financial problems, it was officially listed as an illegal organization in June 20 19.

Legal basis: People's Republic of China (PRC) Commercial Bank Law.

Twenty-ninth commercial banks should follow the principles of voluntary deposit, freedom of withdrawal, interest-bearing deposit and confidentiality for depositors when handling personal savings deposit business.

Commercial banks have the right to refuse any unit or individual to inquire, freeze or deduct personal savings deposits, except as otherwise provided by law.

Article 30 A commercial bank has the right to refuse any unit or individual to inquire about unit deposits, except as otherwise provided by laws and administrative regulations; Have the right to refuse any unit or individual to freeze or deduct, except as otherwise provided by law.

Article 31 A commercial bank shall determine the deposit interest rate according to the upper and lower limits of the deposit interest rate stipulated by the People's Bank of China and make an announcement.

Article 32 A commercial bank shall, in accordance with the provisions of the People's Bank of China, deposit a deposit reserve with the People's Bank of China, and keep sufficient reserve funds.

Article 33 A commercial bank shall guarantee the payment of deposit principal and interest, and shall not delay or refuse to pay deposit principal and interest.