Shenzhen Mujin Rehabilitation Office: Conducting investigation and evidence collection on illegal activities involving blockchain and virtual currency, serious disposal

The Office of the Leading Group for Special Remediation of Internet Finance Risks in Shenzhen today released the “Risk Tips on Preventing Illegal Activities of Virtual Money”. Since the release of the “Announcement on Preventing the Risk of Subsidy Issuance Financing” in 2017, the illegal activities of virtual currency in Shenzhen have been greatly reduced, and relevant financial risks have been effectively controlled. However, in the near future, with the promotion and promotion of blockchain technology, virtual currency speculation has risen, and some illegal activities have shown signs of resurgence. For example, some enterprises organize virtual currency transactions in the name of “blockchain innovation”; The blockchain application scenario is grounded, etc., issuing virtual currency in the form of “xx coins” and “xx chain”, publishing white papers, fictional use of ecology, raising funds or virtual currency assets such as Bitcoin and Ethereum; ICO projects, virtual currency trading platforms, etc. provide publicity, drainage, agency trading services. According to the relevant arrangements of the National Mutual Remediation Office, the Office of the Leading Group for Special Remediation of Internet Financial Risks in Shenzhen will conduct investigation and evidence collection for the above illegal activities. Once discovered, it will be dealt with seriously according to the “Announcement on Preventing the Risk of Subsidy Issuance of Financing”. It is hoped that investors will be vigilant against the above-mentioned illegal financial activities, report relevant illegal violations in a timely manner, and beware of being deceived.