Foresight News|Apr 14, 2026 04:42
[People's Daily Publishes Article Criticizing Practices Like Using '100x Coins' to Attract Traffic with False Profit Claims]
Foresight News reports that People's Daily has published an article titled 'Disrupting the Capital Market, Spreading Enterprise-Related Rumors, and Attracting Traffic for Black and Grey Industries—The Chaos of Financial Self-Media Accounts Requires Vigilance.' The article specifically calls out certain accounts for publishing false profit claims such as '100x coins' and 'earning millions monthly from trading coins,' which are used to attract traffic for illegal activities tied to black and grey industries.
The article reiterates a previous notice from the People's Bank of China and seven other departments, emphasizing that activities related to virtual currencies are considered illegal financial activities. It also points out that accounts and platforms providing traffic and technical services for illegal virtual currency transactions may be in violation of laws and regulations, potentially posing threats to financial security and anti-money laundering efforts.
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