China Issues Fresh Warning on Stablecoin Scams as Hype PeaksShenzhen authorities have sounded the alarm over a wave of illegal fundraising schemes masquerading as stablecoin investments, underscoring Beijing?s zero-tolerance stance even as the rest of the world accelerates regulation of dollar-pegged digital assets. The city?s task force for combating illicit finance published an advisory on 7 July urging residents to ?stay rational? when approached with high-yield pitches linked to so-called ?virtual dollars.?
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