Authorities emphasize the dangers of scams using stablecoins, urging citizens to remain vigilant and report suspicious activities to local authorities.
The Henan Provincial Office has issued a warning about the misuse of stablecoins for illegal fundraising and scams, advising the public to remain vigilant and report any suspicious activities. The office highlighted that stablecoins should not be considered investment tools and that losses from such illegal activities are the participants' responsibility.