The Ministry of Public Security in China has identified virtual currency as a significant risk in its newly released list of 20 anti-fraud keywords. The Criminal Investigation Bureau highlighted that virtual currency is frequently used by criminals for money laundering and fraudulent schemes. Fraudsters often create fake platforms under the guise of virtual currency investment and financial management to deceive victims into investing. The Ministry warns that these transactions are not legally protected and are often fraudulent. The list, developed from recent electronic fraud cases, aims to enhance public awareness and prevention efforts. Other identified risks include repairing credit, unknown links, and QR codes. The Ministry emphasizes the importance of vigilance against these tactics, which are commonly used to mislead and defraud individuals.