What is a coin? Is it legal? Is it a scam?

Legal analysis: Coin issuance is a new type of cryptocurrency, and its expansion mode is very similar to pyramid scheme. Whether issuing coins is an "air theory" is still inconclusive. Sending money is essentially a pyramid scheme, a fake blockchain, and under the banner of "blockchain technology" and "digital currency", it began to illegally absorb funds and defraud investors.

Legal basis: "Opinions of the Supreme People's Court, the Supreme People's Procuratorate and the Ministry of Public Security on Several Issues Concerning the Application of Laws in Handling Criminal Cases of Telecommunication Network Fraud (II)" Article 10 In the process of investigating cases by public security organs, it is information that the traders of prepaid cards, virtual currency, mobile phone recharge cards, game cards and game equipment on e-commerce platforms know that their trading partners are suspected of telecommunication network fraud and continue to trade with them, which conforms to the provisions of Article 287 bis of the Criminal Law. If it constitutes other crimes at the same time, it shall be convicted and punished in accordance with the provisions of heavier punishment. '