December 5th. Recently, the concept related to cryptocurrency has been heating up rapidly. Some criminals have taken the opportunity to promote speculative trading activities, engaging in illegal fundraising, pyramid schemes, and other illegal activities under the guise of stablecoins, memecoins (such as π coin), real-world asset (RWA) tokens, and "mining," and have used cryptocurrency to transfer illegally obtained proceeds, seriously infringing on the public's property security and disrupting the normal order of the economy and finance.To further implement the requirements of the announcements on preventing the risks of token issuance financing and preventing and disposing of the risks of cryptocurrency trading speculation issued by the People's Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and other departments, and to implement the spirit of the coordination meeting on cracking down on cryptocurrency trading speculation, the China Internet Finance Association, China Banking Association, China Securities Association, China Securities Investment Fund Association, China Futures Association, China Association of Listed Companies, and China Payment and Clearing Association jointly issue the following risk reminders:1. Correctly understand the nature and attributes of cryptocurrency, real-world asset tokens, and related activitiesRegulatory authorities emphasize that cryptocurrency does not have legal tender status and cannot circulate for use domestically. "Air coins" such as π coin have insufficient technology and value support, leading to frequent scams; stablecoins pose a high risk of being used for money laundering, fraud, and illicit cross-border fund transfers. Real-world asset tokenization (RWA Token) also carries risks such as false assets and speculative trading, and no such projects have been approved domestically. Domestic organizations or individuals engaging in related activities may be suspected of illegal token ticket sales, illegal fundraising, or unauthorized public issuance of securities.2. Relevant institutions must not engage in businesses related to cryptocurrency and real-world asset tokensMember units must not participate in or provide any form of support for cryptocurrency or RWA issuance and trading. Banks and payment institutions must not provide accounts, payment, credit, or other services for related activities; securities, fund, and futures institutions must not provide services for related products; internet platforms must not provide promotion or technical support for related projects. Institutions must strengthen due diligence, and any discovered risk clues must be reported promptly.3. The public must remain highly vigilant of all forms of cryptocurrency and real-world asset token business activitiesGiven the high volatility and frequent scams in the cryptocurrency market, the public must enhance their risk awareness, avoid participating in any form of cryptocurrency or RWA trading, promotion, or "mining" projects, and beware of false advertising or investment group inducement. Any clues of suspected illegal activities should be actively reported to regulatory authorities or reported to public security agencies.