Chinese Local Government Warns of Digital Yuan Fraud

Sino Global Capital Launches $200M Fund Backed by FTX

The use of CBDC to commit fraud undercuts the narrative that digital currencies issued by nation states will be a better, less-prone-to-fraud alternative to crypto. That this is happening in security-conscious China, which has severely cracked down on crypto is bound to engender a certain about of schadenfreude amongst crypto advocates.

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