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What is Ethereum Public Welfare (Are Ethereum Funds Legal)?

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What is Ethereum Public Welfare? According to official sources, Ethereum Public

What is Ethereum Public Welfare (Are Ethereum Funds Legal)?

What is Ethereum Public Welfare? According to official sources, Ethereum Public Welfare is a decentralized project aimed at enabling people from all over the world to participate in and contribute to the development of a open platform. The Ethereum Foundation has already initiated its first round of philanthropic activities, with over 200 different organizations partnering with this charity, including UNICEF, World Food Programme, and China Development Bank.

According to the Ethereum whitepaper, the goal of “going from 0 to 1” is to provide a donation to everyone in need, and every gift provided to these individuals must have a “wallet” to ensure that each beneficiary receives the funds.

Are Ethereum Funds Legal?

According to the China Fund Report, under Hong Kong’s legal regulations, Ethereum funds belong to securities. Investors who wish to invest in a specific asset or currency can establish a fund to seek returns, but they cannot directly buy, hold, or sell shares in their investment portfolio. By investing funds into different cryptocurrencies, they can obtain corresponding interest and other fees. This is a huge positive sign for investors. However, whether this illegal investment method is trustworthy for ordinary investors remains uncertain.

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