Source: Tech – South China Morning PostShanghai police have busted an online pyramid scheme that used cryptocurrencies worth more than 100 million yuan (US$15.7 million), the latest example of China’s ongoing crackdown on fundraising activities involving digital tokens.The company alleged to have committed the crime established a platform in June 2020 that claimed to offer “services to appreciate cryptocurrency”. Users were asked to exchange their fiat currency for platform tokens to gain membership, which came with incentives, but…Read More