November 8, 2024

Rise To Thrive

Investing guide, latest news & videos!

Chinese Gang Arrested for Exploiting Digital Yuan

1 min read
Chinese Gang Arrested for Exploiting Digital Yuan
Chinese Gang Arrested for Exploiting Digital YuanIn Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days. The digital yuan, or e-CNY, is the People’s Bank of China’s (PBOC) central bank digital currency (CBDC), which has experienced substantial growth in usage. Adoption has reached 260 million wallets across 25 cities, […]