The Ministry of Public Security announced the list of fraud items, among which the “BRIC Digital Money Project” is an Internet pyramid scheme.

According to the blockchain news of Sina District, the Ministry of Public Security recently announced the second batch of 61 national assets defrosting fraud projects and organizations. The 42nd item on the list is the “BRIC Digital Currency Project”. The full name of the project is “BRIC Reserve Asset Currency (GRDC Financial Entrepreneurship and SDR Project)”, also known as “China Financial Construction Phase I Virtual Asset Engineering Project”, which belongs to Internet Marketing. The MLM organization was established in Beijing on April 1, 2017, and the background of the project created by the scammers is that the RMB officially joined the International Monetary Fund (IMF) Special Drawing Rights (SDR) currency basket on October 1, 2016. The state issued China's first virtual asset reserve digital currency. Some netizens pointed out that the website used by this pyramid scheme has been used by reporters. The reporter found that the website has been used by a lottery company.