Henan issued a risk warning: Beware of illegal fundraising under the guise of stablecoins

ChainCatcher news, according to Zhitong Finance, the Office of Prevention and Crackdown on Illegal Financial Activities in Henan Province has warned that recently, illegal organizations have been using "stablecoins" for illegal fundraising, gambling, fraud, and other illicit activities. Stablecoins are not tools for investment or speculation, and losses incurred from participating in illegal fundraising are to be borne by the participants themselves.

We urge the public to enhance their awareness of rational investment, improve their risk awareness, and avoid being deceived. If you discover relevant organizations engaging in illegal fundraising under the guise of investing in stablecoins, please report it promptly to the local departments leading the crackdown on illegal activities or the public security departments.