China Warns of 100% Risks in Unregulated Crypto Activities
Beijing’s Internet Finance Industry Association (BIFA) issued a warning on July 9, 2025, highlighting the risks associated with unregulated cryptocurrency activities, with a particular emphasis on unauthorized fundraising. The warning underscores China’s regulatory focus on deterring illegal crypto activities to protect economic order and public interest.
BIFA’s statement, released on their WeChat channel, calls for investor caution, particularly regarding projects that operate without a license and use technical jargon to exploit information gaps. The association warns about the dangers of fund recycling and potential cross-links with fraud, aiming to deter unauthorized investment schemes. Investors involved in such schemes face…
