Henan Issues Risk Warning: Beware of Illegal Fundraising in the Name of Stablecoins

The Henan Provincial Party Committee Financial Work Office issued a risk warning, cautioning against illegal institutions carrying out illegal fundraising under the guise of "stablecoins" and "digital assets." The announcement pointed out that some institutions, in the name of "financial innovation," are taking advantage of the public's lack of awareness to induce investment speculation, which is suspected of illegal fundraising, fraud, and other illegal activities, seriously endangering property safety. The authorities emphasized that stablecoins are not investment tools, and participants are responsible for illegal fundraising, calling on the public to invest rationally and report illegal activities in a timely manner. [Jiemian News]