多地提示稳定币风险！

Core Viewpoint - The rise of "stablecoins" has led to an increase in illegal activities, with fraudulent entities using the concept to attract investments under the guise of financial innovation and high returns [1][2][3]. Regulatory Concerns - Financial regulatory bodies in multiple regions have observed that some illegal institutions are exploiting terms like "financial innovation," "digital currency," and "blockchain technology" to promote investment projects that promise high returns, thereby luring the public into trading and speculation [2][4]. - These activities are seen as potential illegal financial operations that can lead to illegal fundraising, fraud, and money laundering, which disrupts economic and financial order [3][4]. Risk Warnings - Regions such as Henan and Zhejiang have issued risk warnings regarding illegal fundraising under the guise of stablecoins, urging the public to avoid such financial activities [4][5]. - The Beijing Internet Finance Industry Association has identified characteristics of illegal fundraising projects involving "virtual currencies" and "stablecoin investment projects," including lack of qualifications, misleading promises, and risk overflow [4]. Legal Framework - The illegal institutions lack the necessary qualifications to publicly solicit deposits, as they operate without approval from national financial management departments [5]. - There are no legal venues for virtual currency trading within China, and engaging in overseas virtual currency transactions poses risks to investors, who bear the losses themselves [5][6]. Judicial Challenges - The prohibition of virtual currency financial transactions in China has led to exchanges relocating overseas, complicating law enforcement and evidence collection [7]. - Courts face challenges in executing cases involving virtual currencies due to insufficient legal frameworks, necessitating improved judicial collaboration and execution mechanisms [7]. Regulatory Developments - As the market value and circulation of stablecoins increase, discussions on their regulation are becoming more urgent, with countries like the U.S. and Hong Kong implementing relevant regulations [8]. - There is a pressing need to explore regulatory pathways for stablecoins that align with China's national context to ensure financial security and stability [8].