TechFlow, July 15 — According to Zhitongcaijing, the Henan Provincial Task Force Office for Preventing and Combating Illegal Financial Activities has issued a warning that some illegal organizations are recently exploiting "stablecoins" to conduct unlawful activities such as illegal fundraising, gambling, and fraud. Stablecoins are not investment or speculative instruments, and any losses incurred from participation in illegal fundraising shall be borne by the participants themselves. The public is urged to strengthen rational investment awareness, enhance risk prevention, and avoid being defrauded. If you discover any organization engaging in illegal fundraising under the guise of investing in stablecoins or similar pretexts, please promptly report it to the local leading authorities responsible for combating illegal fundraising or to the public security departments.
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