Techub News reported that the Beijing Internet Finance Industry Association stated that recently, various digital currencies and related concepts represented by 'stablecoins' have attracted market attention. Some illegal institutions and individuals, under the guise of 'financial innovation', 'blockchain technology', 'digital economy', 'digital assets', and other gimmicks, exploit the public's limited understanding of new financial concepts by issuing or speculating so-called 'virtual currencies', 'digital assets', and 'stablecoin investment projects', promising high returns and inducing the public to invest funds for trading speculation.
The Beijing Internet Finance Industry Association indicated that such activities exhibit significant characteristics of illegal fundraising risks, including lack of qualifications, concept packaging, false promises, fund pool operations, and risk spillover. It urges consumers to recognize the essence clearly and remain highly vigilant against any investment projects promising high returns or capital preservation with interest, remembering that 'high returns are inevitably accompanied by high risks'. Before making investment decisions, it is essential to verify the legitimate qualifications of relevant institutions and products through official channels of the national financial management department and choose licensed and formal financial institutions. Fully recognize the high complexity and volatility of digital currencies such as 'stablecoins' and related innovative concepts, establish correct monetary concepts and rational investment ideas, and consciously resist and stay away from any form of virtual currency speculation, illegal token issuance, and unapproved 'digital asset' investment projects to effectively protect personal property safety. If any clues related to illegal fundraising are discovered, please report them immediately to financial regulatory authorities, public security departments, or this association.
