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Chinese Police Warn of a Rise in Digital Yuan-themed Scams

Chinese police have warned there has been an increase in digital yuan-themed scams, as the nation’s CBDC rollout gathers pace. Per the state-run news outlet CCTV (via Xinhua), officers in Shandong Province claimed they h...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Chinese Police Warn of a Rise in Digital Yuan-themed Scams
Chinese police have warned there has been an increase in digital yuan-themed scams, as the nation’s CBDC rollout gathers pace.
Per the state-run news outlet CCTV (via Xinhua), officers in Shandong Province claimed they had seen a rise in digital yuan-themed “fraud.”
They said one recent scam had ensnared “tens of thousands of people.”
Officers said that “some criminal suspects” have “seen opportunities” to strike amid e-CNY adoption drives....
Read More: Chinese Police Warn of a Rise in Digital Yuan-themed Scams

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