Warning: Risks of Illegal Fundraising with Stablecoins ⚠️

Beijing Internet Finance Industry Association Speaks Out 📣

The Beijing Internet Finance Industry Association has issued a warning about the risks of illegal fundraising using stablecoins and other digital currency concepts 🚨. It's essential to be aware of these risks to protect your investments.

Market Attention and Exploitation 💸

Recently, digital currencies, including stablecoins, have attracted significant market attention 🔥. Unfortunately, some unscrupulous organizations and individuals are exploiting the public's limited understanding of new financial concepts 🤔.

Gimmicks and False Promises 🚫

These entities use terms like 'financial innovation,' 'blockchain technology,' 'digital economy,' and 'digital assets' as gimmicks to issue or promote so-called 'virtual currencies,' 'digital assets,' and 'stablecoin investment projects' 📊. They promise high returns to entice the public to invest funds in trading and speculation.

Protect Yourself 🔒

It's crucial to be cautious when investing in digital currencies and to do your own research 📚. Be aware of the risks and potential scams, and never invest more than you can afford to lose.

Stay Informed 📊

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