$XNY Correctly understand the essential attributes of virtual currencies, real-world asset tokenization, and related activities
Virtual currencies are not issued by monetary authorities, are not legal tender of any country, do not have the same legal status as fiat currency, and cannot be used as currency for circulation within China. Among them, coins such as Pi and other "air coins" lack substantial technological innovation, have no clear commercial application scenarios or value, feature non-transparent issuance and operation mechanisms, and serious issues with fraud and market manipulation