Shaoguan Branch of the People's Bank of China Reveals the "Four Major Scam Techniques" of Coin-Related Scams through Case Studies

BlockBeats News, April 15th. The Shaoguan Branch of the People's Bank of China in Guangdong Province, in conjunction with the Shaoguan City People's Government Office, issued a joint announcement revealing illegal financial scams related to virtual currencies. The announcement disclosed the "Four Major Schemes" of currency-related fraud through multiple real cases:

1. Using the "Exchange U" part-time job to induce the public to participate in money laundering, essentially concealing and disguising criminal proceeds;

2. Engaging in illegal fundraising under the guise of overseas virtual currency "principal-guaranteed high-interest";

3. Using the name of "RWA Digital Cultural and Tourism Fund" to exploit the cognitive blind spot of new technology for speculation, hype, and fundraising fraud;

4. Using virtual currency as a medium for disguised foreign exchange transactions, suspected of illegal business operations.