MMM is a people community comprising of participants that directly help each other for free, and absolutely consciously.
They transfer money directly to each other (a peer-to-peer method of payment) without any conditions, guarantees, and promises.
Just only because they want to do that. Because it is a good deal to help each other. It is a Global mutual benefit fund as is.

There is no formal organization, no legal person in MMM. And of course there is no central bank account, no other activity in any form. Neither close, nor open. There is nothing! There are only millions and millions of simple participants, simple private persons and their bank/digital currency accounts, and nothing more.
And of course there is no special registrations, permission and licenses in here. (Permissions and licenses for who and for what reason? For money transfer from one man to another?)

Thus, MMM is absolutely legal and does not break any laws; because there are only money transfers between private persons and nothing more.

It is impossible to forbid MMM. The same way it is impossible to forbid people from managing their own money the way they like.
The only way MMM can be forbidden is if they forbid the whole private property institution.

So everything is absolutely clear with the lawfulness. There are no violations and there won’t be!
Let’s now talk about the other; About honesty: It is important to underline, that MMM doesn’t cheat or abuse anyone. In other words it is not a cheat or fraud in any case! Everyone is informed about the possible and impossible risks fully and from the very beginning (And everyone accepts the warning during registration, confirming that s/he is informed about the warning.)
Honesty, Trust and Integrity
This is the main principle. Honesty, Trust and Integrity. These are the three words onto which the System stands.

Give and receive.
Participate! Welcome to the System! Long Live MMM!