China Warns Retail Investors of Crypto Pyramid Schemes
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最新报道：Chinese authorities have issued fresh warnings about cryptocurrency pyramid schemes targeting retail investors, emphasizing that all crypto-related fundraising activities remain illegal under current regulations. The National Internet Finance Association and China Banking Association cautioned the public against participating in crypto investments promoted through social media, which often promise high returns with low risk. Officials noted these schemes frequently use celebrity endorsements and exaggerated marketing to lure victims, with organizers disappearing after collecting funds. The warning comes as China maintains its strict ban on cryptocurrency trading and mining, despite growing global adoption. Authorities urged citizens to report suspicious crypto investment schemes to regulators.
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