Gate News message, April 15 — The Shaoguan branch of the People’s Bank of China, in coordination with the Shaoguan Municipal Government, issued a cryptocurrency risk warning ahead of National Security Education Day (April 15). The announcement highlighted four typical illegal cases: “high-salary USDT exchange” money laundering, “guaranteed high-return crypto trading” illegal fundraising, “RWA digital tourism fund” pyramid scheme fraud, and offline “coin flipping” disguised foreign exchange trading.
Regulators clarified that cryptocurrency exchange, trading, and RWA tokenization activities all constitute illegal financial conduct. Projects claiming “high returns, low risk, guaranteed profit” are typically scams.
The public is advised to avoid illusions of quick wealth, stay away from crypto-related investments, use legitimate financial channels, and report suspicious activities promptly to minimize losses.
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