Multiple Locations Issue Risk Warnings to Guard Against 'Stablecoin' Fraud Schemes

BlockBeats News, July 27th. Since July, financial regulators and industry self-regulatory organizations in many places have successively issued risk warning notices. With the warming up of the stablecoin concept, some criminals have conducted illegal activities under the guise of stablecoins, and their potential risks are worthy of high vigilance. Financial regulators and industry self-regulatory organizations in many places remind consumers that before engaging in investment and financial management, they must verify the legal qualifications of relevant institutions and products through official channels of the national financial regulatory authorities and choose licensed and reputable financial institutions. Fully understand the high complexity and volatility of concepts such as "stablecoins" and other digital currencies and innovations, establish the correct concept of money and a rational investment philosophy, consciously resist and stay away from any form of cryptocurrency speculation, illegal token issuance, and unauthorized "digital asset" investment projects, effectively protecting personal financial security. (Jinse)