The People's Bank of China (PBoC) Chongqing branch has issued a warning about scams falsely promoting the digital yuan. Fraudsters have been impersonating the PBoC, offering 'paid promotions' and 'high returns' to mislead the public. The PBoC clarified that the digital yuan is a legal currency, exchangeable 1:1 with physical currency, and does not involve promotional rebates. The public is advised to remain cautious and avoid these scams.
PBoC Chongqing Warns Public of Digital Yuan Promotion Scams
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