Central Bank Shaoguan Branch Issues Virtual Currency Risk Warning and Discloses Four Typical Cases

Odaily According to the People's Bank of China Shaoguan Branch and the Shaoguan Municipal People's Government Office, a risk warning regarding virtual currencies has been issued, along with the disclosure of four typical cases: money laundering through "high-salary U exchange part-time jobs," illegal fundraising via "guaranteed principal high-interest coin trading," pyramid scheme fraud involving the "RWA Digital Cultural Tourism Fund," and disguised foreign exchange transactions through offline "coin flipping." The regulatory authorities have clarified that virtual currency exchange, trading, and RWA tokenization activities are all illegal financial activities. Most projects claiming "high returns, low risk, and guaranteed profits" are scams. The public should abandon get-rich-quick fantasies, stay away from virtual currency-related investments, choose legitimate financial channels, and promptly report any anomalies to the police to minimize losses.