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Alexander Stefanov

Chinese regulators warn on Pi Coin in crypto scam alert on 10 December 2025

On 10 December 2025, China's financial authorities issued a warning that digital assets are being used in illicit fundraising schemes, emphasizing misuse and marketing practices over the underlying technology. Pi Coin was singled out and described as having slow development and opaque progress, with officials warning that hype-driven claims of mining payouts and guaranteed returns can expose inexperienced participants to fraud.
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