Shandong Linyi reminds of the risks of the "Global Securities Exchange" virtual currency project: exit as soon as possible to prevent loss of interests

According to the official account of the Linyi City Media Center, the Linyi authorities have issued a risk warning, exposing two major illegal financial scams: "Global Securities Exchange" and "Savings Project" APP.

Among them, the "Global Securities Exchange" project promotes high returns, enticing the public to invest in and purchase virtual currencies. Participants are advised to withdraw as soon as possible to prevent losses. The notice issued by the People's Bank of China and other departments regarding further prevention and handling of risks related to virtual currencies clearly states that virtual currencies do not have the same legal status as legal tender.