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Chinese Gang Arrested for Exploiting Digital Yuan

Started by Bitcoin, Jun 15, 2024, 01:06 pm

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Jun 15, 2024, 01:06 pm
Chinese Gang Arrested for Exploiting Digital Yuan

Byte-sized news on the latest topics relating to crypto and technology.In 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, […]

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