PBOC Issues Warning on Virtual Currency Risks

The People's Bank of China's (PBOC) Shaoguan branch has released a warning regarding the risks associated with virtual currencies. According to NS3.AI, the notice, issued in collaboration with the Shaoguan city government office, highlights four typical cases of illegal financial activities involving virtual currency exchange, trading, and RWA tokenization. The warning emphasizes that such activities are considered illegal financial conduct. Additionally, the notice cautions against projects that promise high returns, low risk, or guaranteed profits, labeling them as potential scams.