Beijing Business Today: The chaos of cryptocurrency speculation has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu

Beijing Business Daily Financial Investigation Team published an article titled "The Surge of Cryptocurrency Speculators into Social Platforms," which points out that the chaos of cryptocurrency speculation has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu. What appears to be lifestyle sharing, newcomer benefits, or product links is, in fact, a diversion for cryptocurrency speculation, brewing a carefully woven hunting trap for ordinary people. From the perspective of diversion methods, it can be roughly divided into several situations, such as creating topics to build IP and setting up advertising links on platforms. Industry insiders believe that a "counter-hunting" battle against the chaos of cryptocurrency speculation has also begun, but to completely end this game, a joint effort from regulators, platforms, and users is needed.

Not long ago, Pan Gongsheng, the governor of the People's Bank of China, publicly stated that efforts to crack down on the operation and speculation of virtual currencies within the country would continue. Since 2017, the People's Bank of China, together with relevant departments, has issued multiple policy documents to prevent and address the risks of domestic virtual currency trading and speculation, and these policy documents remain effective. In the next step, the People's Bank of China will continue to work with law enforcement agencies to combat the operation and speculation of virtual currencies within the country, maintain economic and financial order, and closely monitor and dynamically assess the development of overseas stablecoin values.