BlockBeats News, On April 14, People’s Daily published an article titled “Disturbing the Capital Market, These Chaos Phenomena in Financial Self-Media Accounts Need to Be Alerted,” in which some accounts were specifically mentioned for disseminating false income information such as “100x Coin” and “Earn One Million Monthly through Coin Trading,” to drive traffic to cryptocurrency trading. The article once again cited a previous notice from the People’s Bank of China and eight other departments, emphasizing that activities related to virtual currencies are considered illegal financial activities. It pointed out that accounts and platforms providing drainage and technical services for illegal cryptocurrency trading are suspected of violating laws and regulations, which may pose a threat to financial security and anti-money laundering efforts.
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