Shenzhen warns citizens of investment scams using stablecoins

Authorities in the Chinese city of Shenzhen have warned residents about fraudulent investment schemes tied to digital assets and stablecoins. In a statement published on July 7, the city’s Office of the Municipal Task Force for Preventing and Combating Illegal Financial Activities cautioned against deceptive platforms posing as legitimate crypto investment opportunities. source: https://cryptoslate.com/shenzhen-warns-citizens-of-investment-scams-using-stablecoins/