Shiyan Authorities Don Warn About Risk Dem for Crypto Pyramid Scheme
Shiyan City Market Regulation Bureau for Hubei don issue risk warning about some crypto pyramid scheme projects wey dem dey talk say na Youkechuang, ShiYiHui and Ronghui Capital. The authority dem don receive plenty complaints say these platform dey promise high returns through overseas digital currency trading, plus dem dey force members to recruit new investors, so e look like one kind crypto pyramid scheme. The bureau talk say these things dey break China anti-pyramid scheme law and virtual currency risk rules, e warn say e get serious financial risk and advise people make dem dey alert. Traders suppose dey careful because these kind scheme fit scatter market mood and make market wahala grow.
Bearish
Regulator warnin don signal say dem dey monitor sketchy crypto investments well well, e fit make speculators no too look high-yield token projects again. E be like di times wey dem clamp down for PlusToken-type schemes, dis notice fit make market cool down small for short time and e go reduce altcoin flows. As time dey go, better regulation fit make market better, but for now, e dey bearish cos traders nor wan carry risk.