People's Daily: Preventing the development of blockchain technology with policy support to become a new capital "black hole"

The People’s Daily issued a document today, "Be careful! Someone used the name of the blockchain to deceive." The article said that in the near future, the swindling and swindling in the name of blockchain technology has shown a rising trend. Some currency circles have been re-energized from the media and illegal money-issuing companies, using social software to promote tokens in an attempt to fish in troubled waters. Some illegal fund-raising and pyramid scheme frauds have revived the blockchain and infringe on the interests of investors. It is necessary to strengthen the crackdown and exert efforts at the same time in the supervision and prevention of fraudulent knowledge. Financial analyst Xiao Lei reminded that when the business model of blockchain application is not yet mature, it is necessary to prevent the development of blockchain technology and support it to become a new capital “black hole” and eliminate blind and follow-up investment.