People's Daily Criticizes "Miracle Coin" and Other Practices of Using False Revenue Information to Drive Traffic

BlockBeats News, April 14th, People's Daily published an article titled "Be Alert to the Chaos of Financial Self-Media Accounts - Disrupting the Capital Market, Spreading Rumors Related to Enterprises, and Channeling Traffic for Illegal Industries," in which some accounts were specifically mentioned for allegedly spreading false profit information such as "100x Coin" and "Earn Millions Monthly by Trading Coins," channeling traffic for illegal industries.

The article once again referred to a previous notice from the People's Bank of China and eight other departments, emphasizing that activities related to virtual currencies are considered illegal financial activities. It pointed out that accounts and platforms providing flow and technical services for illegal virtual currency transactions are suspected of illegal activities, which may threaten financial security and anti-money laundering efforts.