A sign indicating digital yuan, also referred to as e-CNY, is accepted at a shopping mall in Shanghai. Photo: Reuters
A sign indicating digital yuan, also referred to as e-CNY, is accepted at a shopping mall in Shanghai. Photo: Reuters

China digital currency: police make arrest over alleged US$47,000 e-yuan scam

  • The suspect impersonated police to obtain the victim’s personal information including ID number, bank account details and a photo of her face
  • Though still in trials, China’s digital yuan has been used by some 140 million individuals, as banks roll out rounds of promotions and discounts

Topic |   China digital currency
A sign indicating digital yuan, also referred to as e-CNY, is accepted at a shopping mall in Shanghai. Photo: Reuters
A sign indicating digital yuan, also referred to as e-CNY, is accepted at a shopping mall in Shanghai. Photo: Reuters
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