[Beijing investigates and handles the first case of blockchain virtual currency assisting pyramid schemes, with a heavy fine of more than 930,000 yuan] On October 29, Beijing Haidian District Market Supervision Bureau investigated and handled the city’s first illegal case of using blockchain and virtual currency technology to provide assistance for pyramid schemes. The technology company involved in the case is a public chain outsourcing service provider. The "Atomic Plan" and "Hathaway Plan" of this public chain are MLM projects with the core model of attracting people and rebates, and require participants to invest money to obtain qualifications to join. The public chain was investigated and handled by the public security organs in accordance with the law, and the pyramid scheme organizers involved have been criminally detained. The technology company involved in the case subjectively should have known that there were MLM applications on the public chain. According to Article 26 of the "Regulations on Prohibition of Pyramid Selling" (announced in 2005), the technology company involved in the case was fined and confiscated in total of more than 930,000 yuan for providing convenient conditions for pyramid schemes in MLM activities.