According to ChainCatcher reports, Jinshi Data pointed out that since July, financial management departments and industry self-regulatory organizations in multiple regions have issued risk warnings, indicating that criminals are using stablecoins for illegal activities.
The financial management department reminds consumers to verify the legitimacy of institutions before investing and to choose licensed financial institutions. Understand the complexity and volatility of stablecoins and other digital currencies, establish a correct monetary concept, resist speculation on virtual currencies and illegal token issuance, and protect personal property security.
