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Liaoning High Court Issues Warning on Risks of Virtual Currency Investment, Cautions Against Unlawful Entities Exploiting 'Digital Assets' to Raise Funds

Summary: According to reports, the Liaoning High People's Court has issued a warning on the risks of virtual currency investment: recently, some unlawful entities have been using 'financial innovation' and 'digital assets' as gimmicks to hype up and attract public attention, taking advantage of the lack of understanding among the general public about stablecoins. They are ...

According to reports, the Liaoning High People's Court has issued a warning on the risks of virtual currency investment: recently, some unlawful entities have been using 'financial innovation' and 'digital assets' as gimmicks to hype up and attract public attention, taking advantage of the lack of understanding among the general public about stablecoins. They are raising public funds through the issuance of so-called 'virtual currency,' 'virtual assets,' 'digital assets,' and other means, enticing the public to participate in transactions. It is necessary to remain highly vigilant against this.

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