Central Bank Shanghai Headquarters: Be wary of financial scams under the guise of “virtual currency” and “blockchain”

The Shanghai headquarters of the People’s Bank of China published an article on “Preventing Financial Investment Scams”, mentioning 11 cases of financial scams, including “watching advertisements, making extra money”, “consumption rebates”, “charity”, “mutual assistance”, “virtual currency” “Blockchain” is a financial scam in the guise of others. Investors need to avoid investment traps, establish correct financial management concepts, and be alert to illegal fund-raising traps. Lianwen previously reported that in November 2019, the central bank’s Shanghai headquarters issued a document saying that it will increase supervision and control efforts to crack down on virtual currency transactions.