According to online reports, the Office of the Shenzhen Municipal Task Force on Preventing and Combating Illegal Financial Activities issued the "Warning on Vigilance on the Risk of Illegal Fund Raising in the Name of Stable Coins, etc." The content includes "Recently, digital currencies represented by stablecoins have received widespread market attention. Monitoring found that some illegal institutions use financial innovation, digital assets, etc. as gimmicks, take advantage of the public's lack of understanding of stablecoins, etc., and absorb funds through the issuance of so-called virtual currency, virtual assets, digital assets, etc., and induce the public to participate in transaction speculation., disrupt economic and financial order, breed illegal and criminal activities such as illegal fund-raising, gambling, fraud, pyramid schemes, and money laundering, and seriously endanger the safety of public property. The "Regulations on the Prevention and Disposal of Illegal Fundraising" stipulates that the state prohibits any form of illegal fund-raising, and the losses suffered by participating in illegal fund-raising shall be borne by the fund-raising participants themselves. Please enhance the public's awareness of rational investment, not blindly believe in extravagant promises, establish correct monetary concepts and investment concepts, effectively improve risk awareness, and avoid being deceived. If relevant institutions are found to be engaged in illegal fund-raising activities in the name of investing in stable currencies, please promptly report to the non-leading department of the city, district and office or the public security department."