Many places issue risk warnings to prevent scams wearing

Foresight News, according to Jinshi data, since July, financial management departments, industry self-discipline organizations, etc. in many places have successively issued risk warning announcements. With the heating up of the concept of stablecoin, some illegal activities carried out by criminals using stablecoins as a gimmick have emerged, and their potential risks are worthy of high vigilance. Financial management departments and industry self-regulatory organizations in many places remind consumers that before investing and managing their finances, they must verify the legal qualifications of relevant institutions and products through the official channels of the national financial management department, and choose licensed formal financial institutions; fully understand the high complexity and volatility of digital currencies such as "stable coins" and related innovative concepts, establish correct monetary concepts and rational investment concepts; consciously resist and stay away from any form of virtual currency speculation, illegal token issuance and unauthorized "digital asset" investment projects, and effectively protect personal property safety.

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