Suzhou Finance, Chongqing Anti-Illegal Fund Raising and Others Issued Risk Warnings to Be Aware of Illegal Fund Raising with Stablecoins

By: odaily.com|2025/07/13 21:46:34

0

Share

copy

Odaily News The Suzhou Finance public account released a Risk Warning on Being Aware of Illegal Fund Raising in the Name of Stablecoins and Others. In the risk warning, the Suzhou City Office of the Working Mechanism for Preventing and Combating Illegal Financial Activities reminded consumers that virtual currency does not have the same legal status as legal currency, virtual currency-related business activities are illegal financial activities, and overseas virtual currency exchanges providing services to residents in my country through the Internet are also illegal financial activities. There are legal risks in participating in virtual currency investment and trading activities. Subsequently, WeChat public platforms such as the Ningxia Anti-Illegal and Anti-Illegal Office and the Chongqing Anti-Illegal Office successively issued similar risk warnings about being vigilant against illegal fundraising in the name of stablecoins and other names. (Shanghai Securities News)
According to previous news, the WeChat public platform of the Beijing Internet Finance Industry Association also recently released the Beijing Internet Finance Industry Associations Risk Warning on Being Wary of the Use of New Concepts Such as Stablecoin for Illegal Fund Raising, analyzing that such activities have five significant illegal fundraising risk characteristics.

-- Price

You may also like

The Power of Agency: The Agentic Wallet and the Next Decade of Wallets

The Power of Agency: The Agentic Wallet and the Next Decade of Wallets

In 1984, Apple killed the command line with a mouse. In 2026, Agent is killing the mouse.

Understanding x402 and MPP in One Article: Two Routes for Agent Payments

Understanding x402 and MPP in One Article: Two Routes for Agent Payments

x402 makes payments within the agreement, while MPP makes system-level payments.

Particle Founder: The entrepreneurial insights I have gained the most from in the past year

Particle Founder: The entrepreneurial insights I have gained the most from in the past year

Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.

Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence

Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence

The competition in the future is not just about whose model is larger or whose computing power is stronger, but also about who understands the industry better, who can embed AI more deeply into real processes, and who can organize these capabilities into a runnable and scalable system.

OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)

OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)

The existing infrastructure is hostile to the Agent economy. Agents can think and act independently at the "capability level," but at the "economic level," they are still locked into infrastructure designed for humans.

The migration of settlement rights: B18 and the institutional starting point of on-chain banks

The migration of settlement rights: B18 and the institutional starting point of on-chain banks

In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.

From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment

From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment

The AI narrative continues to ferment, but the recent performance of related stocks varies, with some in the midst of summer and others as if in winter.

The second half of stablecoins no longer belongs to the crypto circle

The second half of stablecoins no longer belongs to the crypto circle

What Coinbase doesn't want, Mastercard is eager to buy.

Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation

Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation

Cursor was accused of being based on Kimi K2.5, which sparked controversy, and was later confirmed to be compliant through Fireworks AI due diligence.

The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations

The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations

Provide an Investor Relations Best Practices Guide for Crypto Projects.

Is the income of pump.fun real, earning a million dollars a day despite the market downturn?

Is the income of pump.fun real, earning a million dollars a day despite the market downturn?

If it can really earn this much, what is the reason for the low price of $PUMP?

The real reason why tokens are not selling: 90% of crypto projects neglect investor relations

The real reason why tokens are not selling: 90% of crypto projects neglect investor relations

Investor Relations Practice Guide for Cryptocurrency Projects.

Who is the true winner of the "Tokenization" narrative?

Who is the true winner of the "Tokenization" narrative?

Virtually everyone benefits, but the reason for the benefit, the timing, and the underlying logic are completely different.

Moss: The Era of AI-Traded by Anyone | Project Introduction

Moss: The Era of AI-Traded by Anyone | Project Introduction

AI Trading Agent is rapidly growing its infrastructure.

Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update

Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update

AI chips have become a strategic asset more sensitive than missiles

How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon

How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon

Ritmex demonstrates how disciplined risk control and structured signals can make an AI crypto trading bot more stable and reliable on WEEX, highlighting the importance of combining execution discipline with scalable AI trading systems.

Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K

Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K

When the grocery shopping auntie on the subway, or Tony the hairdresser, start asking you about BTC, crypto, and cryptocurrency investments, selling immediately will be the only best option.

Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?

Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?

Imperial College London MetaGame: AI Agent × Web3 Landing Three Major Directions.

The Power of Agency: The Agentic Wallet and the Next Decade of Wallets

In 1984, Apple killed the command line with a mouse. In 2026, Agent is killing the mouse.

Understanding x402 and MPP in One Article: Two Routes for Agent Payments

x402 makes payments within the agreement, while MPP makes system-level payments.

Particle Founder: The entrepreneurial insights I have gained the most from in the past year

Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.

Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence

The competition in the future is not just about whose model is larger or whose computing power is stronger, but also about who understands the industry better, who can embed AI more deeply into real processes, and who can organize these capabilities into a runnable and scalable system.

OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)

The existing infrastructure is hostile to the Agent economy. Agents can think and act independently at the "capability level," but at the "economic level," they are still locked into infrastructure designed for humans.

The migration of settlement rights: B18 and the institutional starting point of on-chain banks

In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.

Popular coins

Latest Crypto News

14:01

Venus: Due to a UST Depegging Event, the Flux Market has suspended UST Trading

BlockBeats News, March 22nd, Venus Protocol announced that "Due to the stablecoin USR issued by Resolv being exploited, trading of USR on the Venus Flux market has been suspended. Venus Core is unaffected, and all user funds are safe. We are actively monitoring the situation and will provide updates...

14:01

Resolv Confirms Attack, Has Suspended All Protocol Functionality

BlockBeats News, March 22, Resolv announced that "the platform experienced an attack, with the attacker minting 50 million unbacked USR. The team has halted all protocol functions to prevent further malicious actions and is actively working on recovery."Earlier reports indicated that the Resolv atta...

14:01

Gauntlet: The majority of treasuries were unaffected by the USR exploit event, with a few high-yield treasuries having limited risk.

BlockBeats News, March 22, DeFi research and risk management company Gauntlet published a post stating: "Today at 10:21 Beijing time, Resolv's USR contract was attacked, and the attacker minted 50 million Resolv USD (USR) using approximately 100,000 USDC."The team is actively responding to the incid...

14:01

Hong Kong sees $HK 100 million gold heist, police arrest 5 and recover 73kg gold bars

BlockBeats News, March 22nd: According to the Hong Kong police, a gold robbery occurred at Peninsula Square, Red Hook, Hong Kong on March 20th, involving 73 gold bars weighing 1 kilogram each, with a total value of approximately 100 million Hong Kong dollars. After receiving the report, the police q...

14:01

Vitalik Praises Qwen: Willans Formula Deciphered in Under 3 Minutes

BlockBeats News, March 22, Vitalik posted, "I am surprised that Qwen 35B was actually able to resolve the Willans equation. (Spent 15,000 tokens, took less than 3 minutes on my laptop.) In any case, hiding modulo arithmetic in what looks like a smooth, simple elementary function using trigonometric ...