Anhui Province Launches 'Wanjian-2024' Operation to Combat Cryptocurrency Scams

According to Odaily, the Anhui Provincial Political and Legal Committee, the Provincial Market Supervision Bureau, and the Provincial Public Security Department have jointly issued a notice to launch the 'Wanjian-2024' operation. This operation, which will run from May 13 to December 10, aims to crack down on pyramid schemes across the province. The operation will particularly focus on fraudulent activities carried out under the guise of 'blockchain', 'metaverse', and 'digital asset trading'. These activities often involve the operation of virtual currencies, mining machines, blockchains, and foreign exchange speculation. The 'Wanjian-2024' operation is a significant step in the province's efforts to regulate the digital asset market and protect consumers from falling victim to scams. The authorities have recognized the potential for misuse of terms like 'blockchain' and 'metaverse' by fraudulent schemes, and are taking action to prevent such misuse. This operation is expected to have a significant impact on the digital asset market in Anhui Province, and potentially set a precedent for other regions to follow.