China Warns of Rising Fraud with Digital Yuan and Fake Stablecoins
• Beijing authorities have detected a wave of fraudulent investments using “fake digital yuan” and fictitious stablecoins.
• Fraudulent projects are being promoted through fake apps and bogus wallets.
• China has launched a public awareness campaign and intensive investigations to contain the phenomenon.
📌 Analysis: Digital fraud poses an increasing threat amid the adoption of digital currencies, especially when the currency is linked to the government.
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