Henan issues a risk warning to beware of illegal fundraising in the name of stablecoins

The Office of the Working Mechanism for Preventing and Combating Illegal Financial Activities in Henan Province has reminded that some illegal institutions have recently used "stablecoins" for illegal fund-raising, gambling, fraud and other illegal activities. Stablecoins are not investment or speculative tools, and the losses incurred by participating in illegal fund-raising shall be borne by the fund-raising participants themselves. The general public is requested to enhance their awareness of rational investment, raise their awareness of risks, and avoid being deceived. If you find that relevant institutions are engaging in illegal fund-raising in the name of investing in stablecoins, etc., please report it to the non-lead departments or public security departments in various places in