China’s Digital Yuan Now a Target for Fraud

Written By Francisko Kim

Key Points:

Xiongan New District warned citizens of telecom fraud using the digital yuan, according to a Nov. 18 notice signed by the local government and central bank branch.

View full article by Eliza Gkritsi

  • Almost a dozen people were arrested earlier this month for laundering money from Cambodia through the digital yuan e-CNY

  • As of November 3, there were over $9 billion worth of transactions using the digital currency

Francisko Kim
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