China’s central bank has provided insight into fraudulent blockchain schemes and how to avoid falling prey to them. It also asked retail investors to report criminal clues to relevant departments.  Don’t Believe The ‘Blockchain’ On Friday, August 24, the People’s Bank of China, along with four other regulators, warned about illegal fundraising, pyramid schemes, and frauds prevalent under the banners of ‘blockchain’ and ‘financial innovation’ in the virtual assets space. The regulators have outlined three different featuresRead MoreThe post China’s Central Bank Issues Red Alert On Illegal Crypto Fundraising appeared first on Bitcoinist.com. For Further Information Click on Below Button