BlockBeats News, December 5th, seven associations including the China Internet Finance Association jointly issued a risk reminder regarding the prevention of illegal activities involving virtual currency. According to the reminder, virtual currency cannot be used as currency for circulation within China, and China’s financial regulatory authorities have not approved any real-world asset tokenization activities.
Relevant institutions are not allowed to engage in businesses related to virtual currency or real-world asset tokenization. The general public should be highly vigilant and refrain from participating in activities related to virtual currency or real-world asset tokenization, as well as illegal fundraising and securities issuance activities conducted in the name of virtual currency “mining,” protecting their “wallets” diligently.
