Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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The Cyberspace Administration of China has dealt with illegal online financial accounts in accordance with the law, including multiple cryptocurrency-related accounts
2025-05-24 02:20

Odaily News Recently, the Cyberspace Administration of China, together with financial management departments, has dealt with a number of accounts and websites that spread false information in the capital market, made illegal stock recommendations, and speculated in virtual currency transactions in accordance with the law.
Some typical cases are reported as follows:
1. Accounts such as “爱股票APP” publish false information about the capital market.
2. Accounts such as “Kan Ge Talks about Finance” make illegal stock recommendations.
3. Accounts and websites such as “Huo Ge Chats About Cryptocurrency” promote and hype virtual currency transactions.
4. Accounts such as "Xiao Beiyou" spread information about illegal and gray industries in the financial sector. (Cyberspace Administration of China)