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Shenzhen Issues Crypto Fraud Alert as Stablecoin Scams Multiply Across China
- Shenzhen warns against stablecoin scams and digital asset fraud, urging public vigilance.
- Authorities caution against illicit fundraising involving stablecoins; cracking down on unsanctioned activities.
- Investors in China at risk of financial and legal repercussions for engaging in unlicensed schemes.
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