Cryptocurrency, News

Chinese government study warns 421 fake cryptocurrencies

A research study by the National Committee of Experts on the Internet Financial Security Technology of the Ministry of industry and Information Techology in China has detected 421 fake cryptocurrencies, according to a news announcement on its website today.
The National Internet Financial Risk Analysis Technology Platform  of the Ministry continuously monitors fake virtual currency platforms. As of April 2018, the technology platform has found 421 fake virtual currencies, of which more than 60% of fake virtual currency website servers are deployed overseas. Such platforms are difficult to find and difficult to track.
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