Beijing Business Daily: The chaos of Cryptocurrency Trading diversion has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu.

According to Mars Finance, the Beijing Business Daily's financial investigation team published an article titled “The Cryptocurrency Trading Army Floods Social Platforms,” which pointed out that the chaos of cryptocurrency draw attention has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu. What seems to be lifestyle sharing, newcomer benefits, or product links is actually cryptocurrency draw attention, brewing a carefully woven hunting trap for ordinary people. From the perspective of draw attention forms, it can be roughly divided into creating topics to build IP, setting up advertisement links on platforms, and other situations. Industry insiders believe that a “counter-hunting” battle against the chaos of cryptocurrency trading has also begun, but it will require collaboration between regulation, platforms, and users to completely end this game. Not long ago, Pan Gongsheng, the governor of the People's Bank of China, publicly stated that it will continue to crack down on the operation and speculation of domestic virtual money. Since 2017, the People's Bank of China, in conjunction with relevant departments, has successively issued multiple policy documents to prevent and address the risks of domestic virtual money trading speculation, and these policy documents remain effective. In the next step, the People's Bank of China will continue to work with law enforcement departments to crack down on the operation and speculation of domestic virtual money, maintain economic and financial order, and closely track and dynamically assess the development of overseas stablecoin values.