The People's Bank of China (PBOC) Shaoguan Branch, in collaboration with the Shaoguan Municipal Government Office, has issued a warning about illegal financial traps related to cryptocurrencies. The announcement highlights four major scam tactics: using "U-exchange" part-time jobs to lure individuals into money laundering, falsely promising high returns on overseas cryptocurrency investments, exploiting the "RWA Digital Cultural Tourism Fund" to engage in speculative trading and fundraising fraud, and using cryptocurrencies as a medium for disguised foreign exchange trading, which constitutes illegal operations.