TechFlow News: On April 14, the People’s Daily published an article titled “Disrupting the Capital Market: Beware of These Irregularities by Finance-Related Self-Media Accounts,” which specifically named certain accounts for disseminating false profit claims—such as “100x coins” and “earning one million RMB per month from cryptocurrency trading”—to drive traffic to virtual currency trading platforms. The article reiterated a prior notice jointly issued by the People’s Bank of China and seven other departments, emphasizing that activities related to virtual currencies constitute illegal financial activities. It further stated that accounts and platforms providing traffic diversion or technical services for illegal virtual currency transactions are suspected of violating laws and regulations, potentially jeopardizing financial security and anti-money laundering efforts.
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