– Chinese regulators intensified crackdown on unregistered crypto pyramid schemes, targeting three Shenzhen-based projects mimicking legitimate investments.
– GMCE platform faces cross-border scrutiny in China and Maldives, highlighting global collaboration against digital fraud exploiting jurisdictional gaps.
– Authorities emphasize investor caution against unrealistic returns while distinguishing legitimate blockchain innovation from deceptive practices.
– Enforcement aligns with global trends of stricter crypto oversight, aiming to protect investors without stifling technological advancement.