Linyi warns of risks associated with the 'Global Securities Exchange' virtual currency project; participants should exit as soon as possible

Odaily Planet Daily News: The Linyi authorities have issued a risk warning stating that the 'Global Securities Exchange' and the 'Savings Project' app are suspected of illegal financial activities. The 'Global Securities Exchange' project promotes high returns to lure the public into investing in virtual currencies, urging participants to exit as soon as possible to avoid losses. A notice jointly released by the People's Bank of China and other departments titled 'On Further Preventing and Dealing with Risks Related to Virtual Currencies' clearly states that virtual currencies do not possess the same legal status as legal tender.