The Ministry of Public Security has released 20 anti-fraud keywords including "virtual currency": "virtual currency investment and financial management" and other keywords are all frauds

Odaily News P The Ministry of Public Security website released "20 Anti-Fraud Keywords for Public Security Organs", which pointed out that the Criminal Investigation Bureau of the Ministry of Public Security has systematically summarized and refined 20 anti-fraud keywords through analysis and judgment of recently cracked electronic fraud cases, and combined the early warning and dissuasion experience of various places, including "virtual currency", "repairing credit", "unknown links, QR codes", "helping credit behavior", etc. It said that currently using virtual currency to launder money has become one of the common methods for criminals to commit fraud and transfer funds. Fraudsters often set up false platforms in the name of "virtual currency investment and financial management" to induce victims to invest, and pretend to be "currency traders" to guide operations on the grounds of online trading risks, thereby defrauding money. The police specifically reminded that virtual currency transactions are not protected by law, and the so-called "virtual currency investment and financial management" are mostly frauds.