The Shaoguan Branch of the People's Bank of China and the Shaoguan Municipal Government Office jointly issued an announcement exposing illegal financial traps related to virtual currencies. The announcement revealed the 'four major schemes' of crypto-related scams through multiple real-life cases: 1. Using 'USDT exchange' part-time jobs to lure people into money laundering, essentially disguising or concealing criminal proceeds; 2. Promoting illegal fundraising under the guise of 'guaranteed high-interest' overseas virtual currencies; 3. Exploiting the cognitive blind spots of new technologies under the name of 'RWA Digital Cultural Tourism Fund' for speculative hype and fundraising fraud; 4. Using virtual currencies as a medium for disguised foreign exchange trading, suspected of illegal operations. https://(wublock123.com)/news/news-59579