Shanxi Provincial Anti-Illegal Fund-raising Office reminds: Beware of illegal fundraising disguised as "blockchain"

In recent years, "blockchain" has become popular, and riding on this heat, some illegal activities seem to be making a comeback. Some lawless elements, under the banner of "blockchain" and "financial innovation", issue so-called "virtual currency", "virtual assets" and "digital assets" to absorb funds and infringe on the legitimate rights and interests of the public. The Office of the Leading Group for Dealing with Illegal Fund Raising in Shanxi Province issued a reminder on June 3 that such activities are not really based on "blockchain" technology, but are hype concepts to engage in illegal fundraising, pyramid schemes, and fraud. Consumers should enhance their risk awareness, not participate in hype activities, and be careful to prevent personal property and rights from being damaged. The Provincial Office for Dealing with Illegal Fund Raising introduced that such activities use "financial innovation" as a gimmick, but are actually a Ponzi scheme of "borrowing new to repay old", and it is difficult to maintain the long-term operation of funds. The public should look at "blockchain" rationally, not blindly believe in the exaggerated promises, and effectively improve risk prevention awareness to prevent being deceived. (Taiyuan Daily)