On May 20, Xianyu issued an announcement on May 17th on the special governance of digital collection-related products. It stated that due to the recent exposure of false propaganda, transaction fraud, illegal fundraising and other risks in digital collection transactions, in order to protect the legitimate rights and interests of the majority of users, maintain the healthy ecology of the Xianyu community, and prevent financial risks, the release of digital collection-related products in the Xianyu community will be prohibited from now on, and digital collection-related products will be removed from the shelves.

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