Shanxi Provincial Anti-Illegal Office: Beware of financial scams under the banner of blockchain

Odaily News Some lawless elements, under the banner of "financial innovation" and "blockchain", have raised funds by issuing so-called "virtual currency", "virtual assets" and "digital assets", infringing on the legitimate rights and interests of the public. The Office of the Leading Group for Dealing with Illegal Fund Raising in Shanxi Province explained the law through the case and reminded the majority of financial investors that such activities are not truly based on blockchain technology, but are actually illegal fundraising, pyramid schemes and fraud by hyping the concept of blockchain. They should enhance their awareness of risk prevention and guard against being deceived. (Shanxi Daily)