Deep Tide TechFlow news: On April 14, People’s Daily published an article titled “Disrupting the Capital Market: Be Alert to These Irregularities in Financial Media Account Operations.” The article specifically pointed out that certain accounts drive users to virtual-coin trading by posting false returns and profit information such as “100x coins” and “making millions every month from crypto trading.” The article once again cited a prior notice from the People’s Bank of China and eight other departments, stressing that business activities related to virtual currencies constitute illegal financial activities. It also noted that accounts and platforms that provide redirecting traffic and technical services for illegal virtual currency trading are suspected of violating laws and regulations, which may threaten financial security and anti-money-laundering efforts.

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