CoinVoice has learned that the Shenzhen Special Task Force Office for Preventing and Combating Illegal Financial Activities has issued (a risk alert regarding the implementation of illegal fundraising under the guise of stablecoins). The content includes: 'Recently, digital currencies represented by stablecoins have received widespread attention in the market. Monitoring has found that some illegal institutions use financial innovation and digital assets as a gimmick, taking advantage of the public's insufficient understanding of stablecoins and similar products to absorb funds through the issuance of so-called virtual currencies, virtual assets, digital assets, etc., inducing the public to participate in trading speculation, disrupting economic and financial order, and breeding illegal fundraising, gambling, fraud, pyramid schemes, money laundering, and other criminal activities, seriously endangering the safety of public property.'
(Regulations on Preventing and Dealing with Illegal Fundraising) stipulate that the state prohibits any form of illegal fundraising, and losses incurred from participating in illegal fundraising shall be borne by the participants themselves. We urge the public to enhance their awareness of rational investment, not to blindly trust extravagant promises, to establish correct monetary concepts and investment philosophies, to effectively improve risk awareness, and to avoid being deceived. If you discover that relevant institutions are engaging in illegal fundraising under the guise of investing in stablecoins or similar, please promptly report it to the relevant authorities or police departments.
