Henan issues risk warning: Beware of illegal fundraising in the name of stablecoins

According to HT Financial News, the Henan Provincial Office for Preventing and Combating Illegal Financial Activities warns that recently, some illegal organizations have been using "stablecoins" for illegal activities such as fundraising, gambling, and fraud. Stablecoins are not investment or speculative tools, and losses from participating in illegal fundraising will be borne by the participants themselves. The public is advised to enhance rational investment awareness, improve risk awareness, and avoid being deceived. If any organization is found to be engaging in illegal fundraising under the guise of stablecoin investment, please report it promptly to the local anti-illegal financial activities leading departments or public security departments.