Beijing Business Daily: Cryptocurrency trading draw attention has penetrated Xiaohongshu, Taobao, and Xianyu, becoming a "hunting trap" targeting ordinary people. AI summarizes that the phenomenon of cryptocurrency trading draw attention is infiltrating mainstream platforms, such as Xiaohongshu and Taobao, where the content appears to be sharing but actually guides users to participate in cryptocurrency trading. Industry insiders are calling for strengthened regulation and cooperation between platforms and users to address this chaos. The Central Bank will also continue to crack down on virtual money trading. Odaily News reports that the chaos of cryptocurrency trading draw attention is fully penetrating into mainstream platforms such as Xiaohongshu, Taobao, and Xianyu. Many contents that seem to be "life sharing", "new user benefits", or "product links" are essentially gateways leading to cryptocurrency trading groups, projects, or trading activities, brewing a "carefully orchestrated hunt" aimed at ordinary users. The report points out that common methods of drawing attention include: creating a "personal IP" through popular topics, setting up advertising links on the platform, and disguising as knowledge sharing, etc. Industry insiders state that a "counter-hunting war" against the chaos of cryptocurrency trading is underway, but thorough governance still requires the joint efforts of regulation, platforms, and users. Previously, Pan Gongsheng, governor of the People's Bank of China, clearly stated that he would continue to severely crack down on the operation and speculation of domestic virtual currencies, and the relevant regulatory policies since 2017 remain effective. In the future, the Central Bank will also maintain a high-pressure stance in collaboration with law enforcement agencies while continuously tracking the development dynamics of overseas stablecoins. (Beijing Business Daily)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Beijing Business Daily: Cryptocurrency trading draw attention has penetrated Xiaohongshu, Taobao, and Xianyu, becoming a "hunting trap" targeting ordinary people. AI summarizes that the phenomenon of cryptocurrency trading draw attention is infiltrating mainstream platforms, such as Xiaohongshu and Taobao, where the content appears to be sharing but actually guides users to participate in cryptocurrency trading. Industry insiders are calling for strengthened regulation and cooperation between platforms and users to address this chaos. The Central Bank will also continue to crack down on virtual money trading. Odaily News reports that the chaos of cryptocurrency trading draw attention is fully penetrating into mainstream platforms such as Xiaohongshu, Taobao, and Xianyu. Many contents that seem to be "life sharing", "new user benefits", or "product links" are essentially gateways leading to cryptocurrency trading groups, projects, or trading activities, brewing a "carefully orchestrated hunt" aimed at ordinary users. The report points out that common methods of drawing attention include: creating a "personal IP" through popular topics, setting up advertising links on the platform, and disguising as knowledge sharing, etc. Industry insiders state that a "counter-hunting war" against the chaos of cryptocurrency trading is underway, but thorough governance still requires the joint efforts of regulation, platforms, and users. Previously, Pan Gongsheng, governor of the People's Bank of China, clearly stated that he would continue to severely crack down on the operation and speculation of domestic virtual currencies, and the relevant regulatory policies since 2017 remain effective. In the future, the Central Bank will also maintain a high-pressure stance in collaboration with law enforcement agencies while continuously tracking the development dynamics of overseas stablecoins. (Beijing Business Daily)