TechFlow news, Fujian Finance has issued a risk alert warning against illegal fundraising activities conducted under the name of "DD0 digital options." Recently, some companies have been recruiting individuals to purchase "DD0 digital options," claiming these are backed by physical assets and issued through overseas digital asset exchanges. In reality, this constitutes the issuance and trading of virtual currencies.
According to a notice issued by the People's Bank of China and six other departments, business activities related to virtual currencies, as well as overseas exchanges providing services to Chinese residents, are considered illegal financial activities. Participation in virtual currency investment and trading involves legal risks, and any losses incurred must be borne by the participants themselves.
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