News Snapshot:
HEFEI, May 17 (Xinhua) -- China's local police have busted a massive digital currency pyramid scheme involving around 2,000 people and over 200 million yuan (about 31.1 million U.S. dollars). In January, the local police in Anqing, east China's Anhui Province, received tips that since 2016 an investment platform had been conducting a pyramid scheme using so-called digital currency as bait. Exploiting popular fintech concepts, the platform tricked people into purchasing the digital currency, whose database and market value were manipulated by its organizer, with about 2,000 members recruited from 12 provinces and cities, said the local police. So far...
