The Shanghai branch of the People's Bank of China has issued a warning about scams falsely promoting the digital yuan. Criminals are reportedly using the pretense of "promoting the digital yuan" and "recruiting promoters" to deceive the public into joining online group chats. These scams involve "exams" and "courses" designed to brainwash participants into pyramid scheme-style fraud. The central bank emphasized that the digital yuan does not involve speculation, rebates, or promoter exams. It cautioned the public to be wary of promises of "high returns" and "member recruitment," advising against clicking on unknown links or joining unfamiliar groups. Victims of such fraud are urged to report incidents to the police immediately.