Shenzhen Municipal Party Committee Financial Office issued a risk warning on virtual currency trading speculation

According to the Shenzhen Municipal Party Committee's Financial Office, there has been a recent increase in virtual currency trading speculation activities. Some groups use virtual currencies and "overseas digital options" as gimmicks to induce the masses to participate in trading speculation, disrupt economic and financial order, and breed illegal activities such as gambling, illegal fundraising, fraud, pyramid schemes, and money laundering, seriously endangering the property safety of the people. For those who have participated in relevant trading activities, it is recommended to withdraw as soon as possible and pay attention to collecting relevant evidence and actively reporting to local regulatory departments and public security agencies. The Shenzhen Municipal Party Committee's Financial Office pointed out in the "Risk Warning on Virtual Currency Trading Speculation" that virtual currencies lack a clear value basis and are extremely susceptible to malicious speculation and price manipulation. It is necessary to strictly guard against individual illegal enterprises using virtual currencies or "overseas digital options" as gimmicks to carry out illegal fundraising and other fraudulent activities. The general public should enhance their awareness of risk prevention and beware of becoming victims of illegal fundraising and other fraudulent activities.