The Financial Office of the Shenzhen Municipal Party Committee issued a risk warning on the speculation of virtual currency transactions

It has been learned from the Financial Office of the Shenzhen Municipal Party Committee that virtual currency trading hype activities have risen recently. Some gangs use virtual currency and "overseas digital options" as gimmicks to induce the masses to participate in trading hype, disrupt the economic and financial order, breed gambling, illegal fund-raising, fraud, pyramid schemes, money laundering and other illegal and criminal activities, and seriously endanger the safety of people's property. For those who have participated in relevant trading activities, it is recommended to withdraw as soon as possible, and pay attention to collecting and retaining relevant evidence, and actively report to the local regulatory authorities and public security organs. The Financial Office of the Shenzhen Municipal Committee pointed out in the "Risk Tips on Virtual Currency Trading Hype" that virtual currencies lack a clear value basis and are highly susceptible to malicious speculation and price manipulation. It is necessary to strictly prevent individual illegal enterprises from using virtual currencies or "overseas digital options" as gimmicks to carry out illegal fund-raising and other fraudulent activities. The general public should enhance their awareness of risk prevention and beware of becoming victims of fraudulent activities such as illegal fund-raising.