The Huaguoyuan Branch of Nanming District Market Supervision Bureau of Guiyang City made an administrative penalty decision to confiscate the illegal income of 60,000 yuan and impose a fine of 4,000 yuan on a company that conducted pyramid schemes in the name of "blockchain academic exchange".

On May 14, the law enforcement officers of Huaguoyuan Branch of Nanming District Market Supervision Bureau found in their daily supervision that a trading company was developing its members in the name of "Guizhou Branch of World Blockchain Research Institute".

At that time, 93 people were attending the training. Banners such as "Blockchain Academic Exchange" and "Yunzun Group Encrypted Digital Assets" were hung in the training venue, and several courseware and training materials of "World Regional Chain" and "Yunzun Coin" projects were found in the laptop.

Extended data:

1. It is understood that newcomers must be introduced by old members, and the membership fee is 4,000 yuan.

2. Old members can get a reward of 1000 yuan from the membership fee paid by new members, and they will return to 500 yuan offline after pulling a person in to pay the fee.

3. The higher the level, the more rewards for developing new members and the more "gift certificates".

In other words, this is a new type of online marketing. In the name of "blockchain academic exchange", the trading company conducts online marketing activities in a way that attracts people and returns profits.

People's Watch Network-Yunzun Coin and World Regional Chain were investigated for pyramid selling, and illegal places were confiscated.