National Life Center Consultation

Among the many cryptocurrencies being born, there are also cryptocurrencies that have lost their value.

“Crypto-Currency Market Capitalizations”

https://coinmarketcap.com/

On that site as well, there are cryptocurrencies that are not traded and have almost no price.

Even though the system is not yet fully completed, since the blueprint is completed, some cryptocurrencies are being pre-sold, and

at the pre-sale,

“Once the system is completed and released, it is expected to rise several times, tens of times.”

There are also explanations like that.

Only when the system is completed, and people feel value in the platform and want to trade, will the cryptocurrency price rise.

If it is not completed or does not gain popularity, the value becomes zero, so it is necessary to confirm before getting involved.

Also, even if there is no problem with the cryptocurrency itself, like Mt. Gox, exchanges or trading venues can go bankrupt, and the cryptocurrencies you deposited may not be returned, so caution is needed.

◯ Caution from the National Consumer Affairs Center

According to the National Consumer Affairs Center, trouble related to cryptocurrencies has been increasing since 2015.

Cases reported include,

“I entered into a contract to buy cryptocurrency because I was told it would surely increase in value, and paid, but I cannot cancel.”

“Consumers who believed the explanations did not fully understand the price fluctuation risk of cryptocurrencies when contracting.”

“Before or after a pamphlet about cryptocurrencies was sent by the business operator, another person called and

said, ‘If you buy it for me instead, I will buy it back at a high price.’”

and urged the purchase of cryptocurrencies.”

“Even though I paid the money believing I would be bought back at a high price, they did not buy back as promised.”

This is the content of the cases.

The number of consultations submitted to the National Consumer Affairs Network (PIO-NET) were,

April–June 2014: 11 cases

July–September 2014: 9 cases

October–December 2014: 23 cases

January–March 2015: 69 cases

April–June 2015: 50 cases

July–September 2015: 55 cases

October–December 2015: 44 cases

It has surged since early 2015.

The age distribution of contracting parties in troubles is,

Under 40: 3.6%

40s: 3.6%

50s: 7.2%

60s: 17.5%

70s: 37.8%

80s: 30.3%

Regarding the amounts already paid,

Less than 100,000 yen: 2 cases

Between 100,000 and 500,000 yen: 10 cases

Between 500,000 and 1,000,000 yen: 12 cases

Between 1,000,000 and 5,000,000 yen: 41 cases

Between 5,000,000 and 10,000,000 yen: 10 cases

Over 10,000,000 yen: 7 cases

On average, it rises to about 3.7 million yen.

There are many consultations where elderly people contract without fully understanding the mechanism and pay a large amount of cash.

Like other door-to-door sales or telephone transfer requests, it seems to be a targeted approach.

Please replace this section for publication to buyers