PANews July 9 news, the Beijing Internet Finance Industry Association issued a risk warning, cautioning against illegal organizations and individuals using concepts such as 'stablecoins' and other digital currencies for illegal fundraising. Related activities lure the public to invest through false promises of high returns, operation of capital pools, and other methods, presenting issues like lack of qualifications, concept packaging, and risk spillover. Once the funding chain breaks, investors may face significant losses.
The association urges consumers to recognize the essence, stay away from unapproved digital asset investment projects, choose legitimate financial institutions, and establish a rational investment philosophy.