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Authorities in Shenzhen have issued a warning about fraudulent investment schemes involving stablecoins and digital assets. The city’s task force highlighted deceptive platforms exploiting public interest in crypto. Investors are urged to avoid unrealistic returns and report suspicious activities.
- Shenzhen authorities warn of fraudulent crypto schemes exploiting stablecoins and digital assets.
- Scammers use terms like 'stablecoins' and 'virtual currency' to lure victims into illegal activities.
- Chinese firms explore CNY-pegged stablecoins to challenge USD dominance amid global regulatory shifts.
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