Beijing Internet Financial Industry Association: Beware of illegal fundraising using new concepts such as stablecoins

By: odaily.com|2025/07/09 16:16:38

Odaily News The Beijing Internet Finance Industry Association issued a risk warning to beware of illegal fundraising using new concepts such as stablecoins: Recently, various digital currencies and related concepts represented by stablecoins have attracted market attention. Some illegal institutions and individuals, under the guise of financial innovation, blockchain technology, digital economy, digital assets and other gimmicks, take advantage of the fact that the public has not yet deeply understood new financial concepts, and issue or hype so-called virtual currencies, digital assets, stablecoin investment projects, etc., promise high returns, and induce the public to invest funds to participate in trading speculation. (Jinshi)

The leak of the CLARITY bill draft has triggered a plunge in Circle and Coinbase, directly hitting the core provision of the stablecoin "ban on interest," revealing the deep political and economic game in Washington's strict prevention of stablecoins evolving into on-chain savings accounts and the c...

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