#BTCvsETH Recently, stablecoins have been heatedly traded, and Hong Kong is about to release new regulations on August 1st. This should be a good thing, but it has attracted a group of scammers taking advantage of the situation!

These people are truly lacking in morals, using "financial innovation" and "blockchain" as excuses, just waiting for everyone to be unfamiliar with new things, relentlessly coaxing people to invest in those so-called stablecoin and virtual currency projects, making grandiose claims about getting rich quickly.

Zhejiang, Beijing, Shenzhen, and Jiangsu have all rushed to issue warnings, clearly stating that these things are unreliable! The country does not recognize virtual currency trading as legal at all, and getting involved in this not only makes it easy to be scammed but may also lead to illegal fundraising and money laundering issues! Don't let those high interest rates cloud your judgment; by the time you realize what's happened, it might be too late to cry over lost money!