The Digital Source For China's Tech Innovation Since 2000

Search
Close

Digital Yuan: China records first case of money laundering

November 4, 2021
Source: cryptopolitan.com cryptopolitan.com
News Snapshot:
TL;DR Breakdown - China records first illegal use case of digital yuan. - 11 criminals arrested, to face trial of illegal use of cbdc. - China warned about sophisticated scam with CBDC before now. Ever since the digital yuan, China’s CBDC has been rolled out for its final test, the digital currency has never been used to commit any crime until now. Reports emerged on Wednesday that Chinese officials have cracked down on a criminal group connected to a money laundering charge. The group reportedly scammed a person for 200,000 yuan (about $32,000) and used a digital yuan wallet to...
Go To Original Source →
Tags: arrested | bank | Bank of China | Cambodia | China | Chinese | crime | criminal | crypto | currency | digital | E-CNY | fintech | fraud | illegal | international | IT | overseas | platform | police | promotion | Renminbi | scam | service | Yuan

Other Related News:

Chinese Watchdog Says Alibaba, Tencent Have Submitted App Algorithm

August 15, 2022

Tesla Makes 3 Million Vehicles, Gigafactory Shanghai Tops 1 Million

August 15, 2022

A look at livestreamed e-commerce, already popular in China, which TikTok, YouTube, Instagram, Amazon, and others… News

August 15, 2022

US lawmakers travel to Taiwan to discuss reducing tensions, investments in semiconductors

August 15, 2022

At least 300 TikTok employees worked for Chinese state media: report

August 15, 2022

Chinese gamers diminish following regulations, but a rebound is nigh

August 15, 2022

Analysis reveals close connection between TikTok and Chinese media

August 15, 2022

Tesla has built 3 million vehicles, a third of those in China, Elon Musk says

August 15, 2022

TikTok parent ByteDance just bought a hospital group in China

August 15, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....