Linyi City Warns of Risks in 'Global Securities Exchange' Virtual Currency Project

Linyi City officials have issued a risk warning, exposing two major illegal financial scams: the "Global Securities Exchange" and the "Savings Project" app. The "Global Securities Exchange" project promotes high returns, enticing the public to invest in virtual currencies. Participants are advised to withdraw as soon as possible to prevent losses. Notifications from the People's Bank of China and other departments clearly state that virtual currencies do not have the same legal status as fiat currencies.

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