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Scammers Take Advantage Of China's Plans For A CBDC
Summary: Scammers are pretending to be CBDC test groups as China begins trialling the digital yuan in select cities, according to Tenecent QQ. The scammers ask victims to create a debit card and that they will see significant returns on an initial investment which typically clocks in around 10,000 yuan. The tricksters promise that their investment ...
Scammers are pretending to be CBDC test groups as China begins trialling the digital yuan in select cities, according to Tenecent QQ.
The scammers ask victims to create a debit card and that they will see significant returns on an initial investment which typically clocks in around 10,000 yuan. The tricksters promise that their investment will grow to at least 70,000 yuan.
The scam appears most often in the four cities where official trials eventually will begin: Shenzhen, Xi’an, Chengdu, and Suzhou. The Bank of China is yet to announce when CBDC testing will begin, but when it does the message will come via official channels.
By Emily Mason
Tags: Bank of China,CBDC,Digital Yuan,Scam
Link: Scammers Take Advantage Of China's Plans For A CBDC [Copy]
