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Digital Yuan Engaged in Money Laundering Case in China

November 6, 2021
Source: gruntstuff.com gruntstuff.com
News Snapshot:
Eleven people were arrested for committing a scam with digital yuan (e-CNY), China’s new official cryptocurrency. The case, which is still under investigation by the police, involves an alleged money laundering activity. It all happened in Xinmi, a city in northern China, when a person named Qu bought a product at a digital store, according to police. After making the purchase, the business informed you that there was a problem with the quality of the item, for which it would be compensated with the refund of the money multiplied by three. As the company promised, after the notice, sent him...
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Tags: arrested | bitcoin | blockchain | Business | Cambodia | China | Chinese | criminal | crypto | cryptocurrency | currency | data | digital | E-CNY | fintech | fraud | Fuzhou | government | police | Public Security Bureau | Renminbi | social media | Twitter | United States | Yuan

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