Gate News report, April 15 — The Shaoguan City Branch of the People’s Bank of China, in conjunction with the Shaoguan Municipal People’s Government, issued a cryptocurrency risk warning before April 15 on National Security Education Day (4月15日).

The announcement emphasized four typical types of illegal cases: “high-paying USDT trading” for money laundering, “capital-protected high-yield crypto trading” for illegal fundraising, “RWA digital tourism fund” for pyramid scheme fraud, and offline “coin tossing” disguised as foreign exchange trading. Regulatory authorities clarified that conducting cryptocurrency exchange, trading, and RWA tokenization activities all constitute illegal financial conduct.

Projects claiming “high returns, low risk, and capital-protected profits” are usually scams. The public is advised to avoid the illusion of “getting rich quick,” stay away from investments related to cryptocurrencies, use legitimate financial channels, and promptly report suspicious activities in order to minimize losses.