Crypto.News reports that on April 25, according to the Web3 Radar public account, the Consulate General in Perth reminds Chinese citizens and international students in the jurisdiction to conduct foreign exchange transactions legally and to be cautious when participating in local virtual currency investments.
Recently, a person referred to as Xiao A contacted our consulate, stating that he proactively reached out to a "foreign exchange trader" through a social media platform. The other party lured him with the promise of substantial profits, guiding him to remit money to the website, exchange currency, and participate in virtual currency investments. After successfully swindling him, the other party disappeared, and Xiao A unfortunately fell victim to the scam, regretting his initial decision.
The Consulate General in Perth reminds Chinese citizens and international students in the jurisdiction:
1. Legal currency exchange. If currency exchange is needed, please go to a legitimate bank or currency exchange point for the exchange and avoid using unofficial channels such as websites or social media platforms for currency exchange. Using unofficial channels for currency exchange may also involve participation in illegal activities such as "money laundering," causing unnecessary trouble for oneself.
2. Do not be greedy for small profits. Recently, the exchange rates of the Australian dollar and US dollar have fluctuated significantly, presenting some profit opportunities. If you truly wish to invest in foreign exchange, be sure to participate through official and legal channels, and do not conduct foreign exchange transactions through unknown websites or social media platforms.
3. Exercise caution in virtual currency investments. Due to the numerous risks associated with participating in virtual currency investment activities, our country has strictly prohibited virtual currency-related business activities. Although virtual currency investments are not prohibited in Australia, the relevant investment platforms and information are mixed, making it difficult to distinguish between true and false, and it is easy to be deceived. It is advised that our citizens and international students remain vigilant and participate cautiously.
If unfortunately scammed, please report to the local police station as soon as possible.
