It is 100% illegal in China, and even in many places abroad.
If you are already into blockchain, why are you still asking this kind of question?
It is normal that each country has different laws and policies.
For example, if you urinate or defecate anywhere in China, it may be okay, but try it abroad? You will be punished to death. Try North Korea...
In fact, whether in China or abroad, the essential purpose of many people issuing coins is not to develop blockchain and realize the ideal of decentralization.
It's about cutting leeks. This is the same both at home and abroad. Don't think too highly of foreign countries, nor think too poorly of domestic countries.
I think that not allowing the issuance of coins is actually to protect retail investors.
There are too many fools in the cryptocurrency world, and too many retail investors who lack financial knowledge.
I often say in our second-tier community: There are no retail investors or fools, and the dealers have no motivation to defraud, because money is too easy to cheat.
The cryptocurrency circle on the Internet:
1. Contract winning rate 100%
2. 100x Coins Are Everywhere
3. No one loses money in cryptocurrency trading
4. The analysts were not wrong
5. Financial freedom for everyone
The actual currency circle:
1. Contract liquidation 99.9999%
2. Runaways and crashes happen everywhere
3. 99.99% of people are takers
4. Analysts are busy writing myths about getting rich quickly
5. Everyone is heavily in debt...
After years of being in the cryptocurrency industry, I can sum it up in one sentence: opportunities promoted by others are not opportunities
1. Are recommendations from others necessarily reliable?
2. For no reason and without any relationship between you, why would others recommend someone to you?
3. I recommend it to you, do you dare to buy it?
4. In the cryptocurrency world, where there are so many scammers, trusting others easily is the beginning of your bankruptcy
Why do people lose money in the cryptocurrency world? Why do people get scammed?
How to make money, see the following 10 points:
1. All consultations and information in the cryptocurrency circle are propaganda and advertising. The purpose is to cut leeks, kill retail investors, and make money. Block all KOLs, media information, and uninstall APP
2. Anyone who helps you make money is making money from you; anyone who asks others for their wealth code becomes someone else’s wealth code
3. Contracts and short-term trading are all slot machines. If you play them, you will lose without exception.
4. In the cryptocurrency world, retail investors die because of greed, greed for small profits, greed for big profits. This greedy mentality sows the seeds for you to lose money.
5. Cryptocurrency speculation is the only way out for retail investors - hoarding coins
6. If you are still obsessed with the beautiful narrative of the project, the grand future of the exchange, and the fake screenshots of KOLs, then losing money is inevitable.
I sincerely hope that my friends who read my heartfelt words will be healthy, have a successful career, and most importantly, make a lot of money. If you have any opinions on this article, you can chat with me through (BNB987666
7. When playing in the cryptocurrency circle, don’t rely on anyone but yourself.
8. People who spend 80% of their time watching the market must be beginners
9. Leeks, coming and going, are wasted; sickle, going back and forth, is cutting.
10.8 years of experience, summary of "Introduction to the Cryptocurrency Circle Practical Manual" for free, everyone has a copy
Four ways to make money in the cryptocurrency world: hoarding coins, gambling, fraud, and stealing
Gambling----Contracts, short-term, local dogs, first-level, etc. Most of these people died without a burial place
Hoarding coins - big money, copycats, etc. - as long as you choose the right coin, a hundredfold return is not impossible
Scams - issuing coins, creating Ponzi schemes, issuing NFTs, etc. - Be prepared to get in
Hair Pulling----Major mainstream projects---Right now, the competition for hair pulling is fierce, so you have to take anti-witch measures carefully, and the chance of making money is still very high
There are many ways to make money in the cryptocurrency world. The bottom line is to be legal and compliant and not to violate the legal bottom line. If it is for freedom, everything can be thrown away.