Guangdong, Yunnan and other regions warn about the risks of illegal fundraising through virtual currencies

ChainCatcher news, according to a report by Jin10 citing Yicai, recently, the so-called "2% daily interest" Ponzi scheme "Xinkangjia" has collapsed, raising the entire society's attention and vigilance towards new types of online fraud. Regulatory bodies have been intensively "whistleblowing."

According to incomplete statistics, since July, financial regulatory agencies in multiple regions, including Guangdong, Yunnan, Hunan, Liaoning, Heilongjiang, Zhejiang, and Fujian, have been intensively warning about the risks of illegal fundraising under the guise of "virtual currency" and new types of online fraud.