Legal analysis: There have been many victims of the China National Finance Public Chain scam. It is a pyramid selling organization using the blockchain as a cover. There is currently no overall resolution.

Legal basis: "Regulations on Prohibition of Pyramid Selling"

Article 1 is to prevent fraud, protect the legitimate rights and interests of citizens, legal persons and other organizations, maintain the order of the socialist market economy, and maintain social stability , formulate these regulations.

Article 2 The term "pyramid selling" as mentioned in these Regulations refers to the way in which organizers or operators develop personnel and calculate and pay remuneration to the people being developed based on the number of people they directly or indirectly develop or their sales performance. Or seek illegal benefits by requiring people to be developed to pay a certain fee to obtain membership qualifications, disrupt economic order, and affect social stability.