🇨🇳Recently, illegal elements, under the guise of "stablecoins", "air coins (such as π coins)", "real-world asset (RWA) tokens", and "mining", are actually engaging in illegal fundraising, pyramid schemes, and other criminal activities. They even use virtual currencies to transfer illicit funds, severely jeopardizing public property security and disrupting the order of the financial market.

To implement the spirit of the documents issued by the People's Bank of China, the Financial Regulatory Administration, the China Securities Regulatory Commission, and others, such as the "Announcement on Preventing Risks of Token Issuance Financing" and the "Notice on Further Preventing and Addressing Risks of Virtual Currency Trading Speculation", and in response to the requirements of the coordinated mechanism meeting for combating virtual currency trading speculation, the China Internet Finance Association, the China Banking Association, the China Securities Association, the China Securities Investment Fund Association, the China Futures Association, the China Listed Companies Association, and the China Payment and Clearing Association jointly remind:

⚠️ Beware of high-yield temptations and view virtual currencies rationally

⚠️ Recognize the essence of illegal activities and stay away from token financing scams

⚠️ Do not participate, do not trust blindly, and do not spread information on virtual currency speculation

⚠️ Protect personal property and prevent financial losses

The documents are as follows👇