The Beijing Internet Finance Industry Association has issued a warning about illegal fundraising activities involving stablecoins and other digital currencies. The association highlighted that some entities are exploiting the public's limited understanding of new financial concepts to promote virtual currencies and digital asset projects, promising high returns. These activities often lack legal qualifications, use complex concepts for misleading packaging, and make false promises of guaranteed profits. The association urges consumers to verify the legitimacy of financial institutions and products through official channels and to be cautious of high-return investment schemes. It also encourages reporting any suspicious fundraising activities to authorities.