Odaily Planet Daily News: Shenzhen Local Financial Administration Bureau issued a "Risk Warning on Virtual Currency Trading Speculation". In response to the recent rise in virtual currency trading speculation, the risk warning pointed out that some gangs use virtual currency and "foreign digital options" as gimmicks to induce the public to participate in trading speculation, disrupt the economic and financial order, breed gambling, illegal fundraising, fraud, pyramid schemes, money laundering and other illegal and criminal activities, and seriously endanger the property safety of the people. In order to safeguard the legitimate rights and interests of the general public, the Shenzhen Local Financial Administration Bureau reminds the general public: First, virtual currency does not have the same legal status as legal currency. Second, virtual currency-related business activities are illegal financial activities. Those who commit crimes in carrying out related illegal financial activities shall be investigated for criminal responsibility in accordance with the law. Third, overseas virtual currency exchanges providing services to residents in my country through the Internet are also illegal financial activities. Fourth, there are legal risks in participating in virtual currency investment and trading activities. If it violates public order and good customs, the relevant civil legal acts will be invalid, and the losses caused by it will be borne by themselves; those suspected of disrupting financial order and endangering financial security will be investigated and dealt with by relevant departments in accordance with the law. The risk warning points out that virtual currencies lack a clear value basis and are extremely susceptible to malicious speculation and price manipulation. It is necessary to prevent individual illegal companies from using virtual currencies or "foreign digital options" as a gimmick to carry out illegal fundraising and other fraudulent activities. The general public is requested to enhance risk prevention awareness and be careful not to become victims of illegal fundraising and other fraudulent activities. For those who have participated in relevant trading activities, it is recommended to withdraw as soon as possible, pay attention to collecting and retaining relevant evidence, and actively report to local regulatory authorities and public security organs.