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[Risk Warning on Preventing Illegal Activities Related to Virtual Currency Issued by Seven Chinese Associations] On December 5, seven associations, including the China Internet Finance Association, jointly issued a risk warning to prevent illegal activities involving virtual currencies. The warning stated that virtual currencies must not be used as currency for circulation within China, and financial regulatory authorities have not approved any tokenization activities of real-world assets. Relevant institutions are prohibited from conducting business related to virtual currencies or the tokenization of real-world assets. The public is advised to remain vigilant and avoid participating in related activities, including illegal fundraising and illegal securities issuance under the guise of virtual currency 'mining.'

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