Chinese Authorities Warn About ‘Sophisticated’ Digital Yuan Scam- Promotes Access to a ‘$186M Secret’ Government Fund

Chinese Authorities Warn About ‘Sophisticated’ Digital Yuan Scam- Promotes Access to a ‘$186M Secret’ Government Fund
фото показано с : news.bitcoin.com

2021-2-28 04:00

As China keeps paving the way to adopt its central bank digital currency (CBDC), scammers are also actively emerging on the scene. The police in a Chinese province are now warning about a “sophisticated” CBDC-themed scam.

Bogus Platform Is Set to Be Launched in March, Say Scammers

According to a post from the cybercrime unit of the Weifang police force in Shandong Province, a scam named “Central Bank’s International Wallet” is claiming to be a digital yuan wallet platform. The bogus platform seems to have caught almost 500 users as of press time.

The scam operators are advertising that the platform will give members the possibility to access a “secret CBDC promotion fund” worth $186 million.

It should be noted that the Weifang police is quoting a previous report first published by local media outlet Sina on the matter. Scammers claim that the platform’s users could get profits of around $24,800.

Although the wallet is not “live,” scam operators say the platform will be launched in March. However, Weifang police’s cybercrime unit raised concerns because scammers already gathered personal details from the users, such as bank details and real names, through a smartphone app.

The scammers further claim that the collected funds are going to promote the digital yuan usage globally and nationwide. Moreover, scam operators also promised users that they will get 2% of bonuses per deposit.

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

Chinese Central Bank Keeps Warning on Fake Digital Yuan Investment Opportunities

The People’s Bank of China has been actively warning people of the surge of bogus organizations that claim to be digital yuan promoters. However, the central bank says such schemes turn out to be just Ponzi schemes hidden behind “multi-level marketing strategies.”

Recently, the Beijing municipal government handed out a total of 10 million yuan ($1.55 million) worth of digital yuan to 50,000 people in the city who registered for the lottery giveaway using mobile phone apps. Users were able to spend the CBDC during the Chinese New Year celebrations.

What do you think about the warning issued by the Chinese authorities? Let us know in the comments section below.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Digital Rupees (DRS) на Currencies.ru

$ 6.38E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $6.38E-5 - H: $6.38E-5
Капитализация $32.611k Rank 99999
Доступно / Всего 510.803m DRS

digital chinese sophisticated emerging actively scene scammers

digital chinese → Результатов: 126


Police Freeze Chinese Crypto OTC Traders’ Accounts; Digital Assets Tied to Laundered Money

Chinese Police freeze crypto over the counter traders (OTC) accounts to investigate a possible incident of money laundering stains on some of the digital assets on exchanges. The abrupt halt in China’s biggest fiat on- and off- ramp gives sets in surveillance by the relevant law enforcement officers with locked users’ accounts needing an “approval […]

2020-6-9 19:02


Фото:

China Advised to Slow Down Its Pace on National Digital Currency

With China reportedly speeding up the development of its national currency, the digital yuan, some researchers and government officials have called on the Chinese government to exercise caution. While Facebook’s Libra might be a threat, there are suggestions that the government should instead work with global regulatory bodies to regulate cryptocurrencies such as Libra.

2020-1-28 12:00


China’s PBoC Completes ‘Top-Level’ Design For Digital Yuan, Launch Date Still Unknown

The People Bank of China (PBoC) has just completed a top-layer design and the testing of its central bank digital currency (CBDC) that should be released very soon. As reported by Chinese news outlet Sina on January 10, the tests and top-layer design for the digital Yuan were accomplished and developed according to relevant standards. […]

2020-1-11 21:18


Chinese Tech Giant Baidu Has Rolls Out Its Open-Sourced XuperChain Blockchain Network

Internet giant Baidu has just released its own cryptocurrency called Xuperchain. The news comes as China is preparing for launching the Yuan digital currency. According to finance. ifeng. com, Baidu’s Xuperchain has just been launched on January 6 with the Open Network, which is designed to empower SMEs and developers.

2020-1-6 18:27


China’s Central Bank Digital Currency is “Digital Form of the Yuan” & “Not for Speculation”

China’s new sovereign digital currency would not be open to speculation like other cryptocurrencies, said a Chinese central bank official on Saturday. Mu Changchun, head of the People’s Bank of China’s digital currency research institute said it would be a “digital form of the yuan” that wouldn’t need the backing of a basket of fiat […]

2019-12-23 19:11


Fidelity Digital Assets possibly adding ETH support

CoinMarketCap Daily Newsletter Your daily newsletter for 16 December, 2019 “Peace begins with a smile.” - Mother Theresa In today's newsletter, we will be covering: Chinese courts using blockchain technology to settle cases Tether sponsoring new version of Bitcoin tokenization layer […] The post Fidelity Digital Assets possibly adding ETH support appeared first on CoinMarketCap.

2019-12-25 15:00


Chinese Cryptocurrency Wallet Data Shines Light Into the Mysterious Market

An interview with a representative from imToken, a Chinese digital currency wallet provider, has given rare insight into the cryptocurrency habits of the nation’s population. It appears that Chinese crypto asset enthusiasts have a tendency to prefer non-custodial storage solutions and that mobile-accessed wallets are by far the most popular over their desktop counterparts.

2019-8-10 00:00