The latest news of Vicat coins will it be difficult to extract Vicat coins?

It is already difficult to withdraw Vicat coins, and there should be problems in the capital chain.

Vicat China Company has confirmed that Vicat coins are "direct sales", but it has not obtained domestic permission. In the list of 6 1 direct selling enterprises published by the Ministry of Commerce, the reporter did not find the name of Vicat.

Virtual currency such as Bitcoin itself is an open source program, and the parameters and methods of its total amount limit are displayed in the open source code, thus showing the operating mechanism of the monetary system openly and transparently. However, Vicat does not disclose its source code, which in itself violates the basic principles of virtual currency. In addition, virtual currencies such as Bitcoin are sporadic transactions spontaneously formed by the market. After the scale is formed, third parties will gradually establish exchanges to complete the transactions. Vicat coins are issued by themselves and traded on their own platforms. The so-called cooperation with UnionPay does not exist. Vicat, a currency with questionable basic attributes, has high investment risk, so investors should be cautious. (Netease News)

Bitcoin Home Network and many mass media have also exposed Vicat coins, a pyramid scheme under the guise of Bitcoin.

Economists pointed out that Vicat currency is a kind of virtual currency with multi-level pyramid selling nature, and the investment risk is extremely high, so participants need to be cautious. (China Commercial official website)