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Chinese Departments Issue Joint Risk Warning on Virtual Currencies
12/05/2025, 12:06
AI SUMMARY
●Seven Chinese departments issue joint warning against crypto activities
●Notice reaffirms existing bans on virtual currency trading and speculation
●Authorities aim to curb illegal financial activities and protect public assets
The National Internet Finance Association of China, along with seven other departments, has issued a joint notice warning against the risks associated with illegal financial activities involving virtual currencies. The alert serves as a reaffirmation of the country's strict stance on crypto-related operations.
The notice emphasizes the ongoing ban on virtual currency trading and speculation, urging the public to avoid participating in illegal fundraising or financial fraud disguised as crypto innovation.