Seven associations jointly issued a risk warning regarding the prevention of illegal activities involving virtual currencies.

Odaily Planet Daily reports that seven associations, including the China Internet Finance Association, jointly issued a risk warning regarding illegal activities involving virtual currencies. According to the warning, virtual currencies cannot be used as currency within my country, and Chinese financial regulatory authorities have not approved any real-world asset tokenization activities. Relevant institutions are prohibited from conducting business related to virtual currencies or real-world asset tokens. The public is urged to be highly vigilant and refrain from participating in activities related to virtual currencies or real-world asset tokens, as well as illegal fundraising and securities issuance activities conducted under the guise of virtual currency "mining," to protect their financial security. (Xinhua News Agency)