Linyi Issues Risk Warning on "Global Stock Exchange" Virtual Currency Project, Participants Urged to Exit ASAP

Odaily: Linyi authorities have issued a risk warning stating that the "Global Stock Exchange" and "Savings Project" apps are suspected of involvement in illegal financial activities. The "Global Stock Exchange" project promotes high returns to induce the public to invest in and purchase virtual currencies, and participants are urged to exit as soon as possible to avoid losses. The Notice on Further Preventing and Handling Risks Related to Virtual Currencies issued by the People's Bank of China and other departments clearly stipulates that virtual currencies do not have the same legal status as fiat currency.