Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Many places have issued risk warnings to guard against scams disguised as "stablecoins"
6days ago

Odaily Planet Daily News: Since July, financial management departments and industry self-regulatory organizations in many places have successively issued risk warning notices. As the concept of stablecoins heats up, some lawless elements have emerged to carry out illegal activities under the guise of stablecoins, and the potential risks deserve high vigilance. Financial management departments and industry self-regulatory organizations in many places remind consumers that before investing in financial management, they must verify the legal qualifications of relevant institutions and products through the official channels of the national financial management department and choose licensed formal financial institutions; fully understand the high complexity and volatility of digital currencies such as "stablecoins" and related innovative concepts, establish correct monetary concepts and rational investment concepts; consciously resist and stay away from any form of virtual currency speculation, illegal token issuance and unapproved "digital asset" investment projects, and effectively protect personal property safety. (Economic Daily)