China cities will soon begin testing a new digital currency for the central bank. Scammers take advantage of this fact now by impersonating the central bank's digital currency test kits.
According to Tencent QQ, criminals are promoting a fraud that asks potential victims to issue a new debit card.
Victims are told that they will receive a large sum of money after an initial investment, generally starting at around 10,000 yuan (equivalent to $ 1,430), with each victim promised that Their investment is growing to 70,000 yuan (equivalent to $ 1,023) during an undisclosed period.
This fraud appears to appear more frequently in the cities where the central bank's digital currency tests will eventually be conducted - Shenzhen, Xi'an, Chengdu, and Suzhou.
However, no official green light was given by the People's Bank of China (PBoC) to start these tests.
Local banks on high alert
Some reports indicate that scammers designed a mobile app for victims to manage their nonexistent investments.
So far, according to Coin Telegraph, the People's Bank of China (PBoC) has not announced the date for the start of experimenting with the digital currency of the Central Bank of China.
In 2019, the Chinese banking authorities announced that they would announce the launch of the next central bank's digital currency through official channels.
Chinese authorities recently dismantled a fraud related to cryptocurrency in Wenzhou. The fraudulent scheme collected more than 100 million yuan ($ 14.31 million), which was confiscated along with a number of luxury cars and villas.
(Fun Knowledge of Knowledge)
