INSUBCONTINENT EXCLUSIVE:
Authorities in Shenzhen, China, warned citizens about illegal fundraising schemes disguised as stablecoin and cryptocurrency investments
illegal operations that conduct fundraising, online gambling, fraud, pyramid schemes and money laundering
The task force said the groups do not have the authority to raise funds from the public and warned citizens that losses incurred from these
any entities raising funds under the guise of stablecoin investments or similar schemes
departments would verify the leads and act accordingly
bans in several countriesWarning comes amid wave of fake JD stablecoin promosThe warning came a week after a wave of promotions offering
public, claiming to be affiliated with the company and offering fake stablecoins in exchange for users signing up
road money siphoned: Asia Express
