The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

IFO characteristic analysis: IFO technicians use the technical means of forking coins and other mainstream currencies to allocate the proportion of development branches to currency holders and gain value in transaction flow, part of which will be circulated through digital asset exchanges.

In December 2013, the central bank and other departments issued a notice to prevent currency exchange rate risks without centralized issuance. The company uses the four characteristics of freedom and anonymity, while the currency is treated as a virtual commodity and uses the same technology to generate new Virtual currencies, coins, and forks are basically not much different from coins. Based on the underlying protocol, currencies developed by technicians have the four major characteristics of currencies.

The supervision of financing activities in China's financial market mainly involves public and private provision. There is a clear legal definition of the amount of private equity financing for investment qualifications, and requires private equity fund managers and private products to be registered through industry associations. And public offering activities, such as securities, public issuance of stocks, etc., you need to obtain approval from the China Securities Regulatory Commission and other regulatory agencies. There are strict requirements for public offerings of funds, such as information disclosure, and there are clear regulatory entities.

As for the financing activities in the name of Ifo, its forked currency issuance is a process in which investors obtain forked coins and gain value-added income in the digital currency trading market due to rights certificates such as funds, different securities, stocks, etc. This form is not legally allowed Clear financing activities should be incorporated into the existing regulatory system and specific regulations should be imposed on relevant departments.

IFO legal risks

Since the government has not introduced corresponding regulatory policies in Germany and there are no unified technical standards, such operations or financing activities may have the following risks in practice:

First, the risk of fraud. Because in the real world, most people do not understand virtual currencies and related technologies, and they only spend a lot of money through news or media reports, it is easy for some criminals to use "digital asset investment" and "blockchain technology investment" Such names attract investors rather than real tokens, development activities such as technology research projects.

Second, technical security. According to professional analysis, since the codes of code developers are not completely consistent, they do not attack the protection mechanism and cannot conduct good testing and review of the code. Therefore, the security bifurcation of the currency itself needs to be paid enough attention to.

Third, the risk of illegal financing. Tokens issued by ICO may be suspected of illegal fund-raising activities because some symbols, securities, properties of securities rights, and financing are not approved by relevant departments, and there are no detailed specifications in my country’s economic law. If they are not regulated as soon as possible, they may be suspected of illegal activities. The specific application of illegal and criminal activities such as selling promissory notes, illegal securities issuance, illegal fund-raising, financial fraud, pyramid schemes, etc. in the interpretation of the Supreme People's Court's clear rules on illegal fund-raising in the trial of criminal cases: