[China's Central Cyberspace Administration to Handle 61 Counterfeit Financial Institution Websites by 2025, Involving Inducing Netizens to Purchase So-Called 'Stablecoins' and Other Financial Products] BlockBeats News, January 1: The reporting center of China's Central Cyberspace Administration disclosed that by 2025, it has lawfully accepted and handled 1,418 counterfeit and fraudulent website platforms, including 61 counterfeit websites of financial institutions such as China Merchants Securities and CITIC Bank. These websites induced netizens to download apps for stock trading or to purchase so-called 'stablecoins' and other financial products, resulting in financial losses. The reporting center of the Central Cyberspace Administration pointed out that counterfeit and fraudulent websites often illegally collect personal information from netizens under the guise of 'receiving subsidies,' 'recharge consumption,' 'business cooperation,' or 'investment and wealth management.' These activities are used to carry out fraudulent acts, infringing on the legitimate rights, interests, and financial security of the public, and causing significant social harm.