Chinese Gang Arrested for Exploiting Digital Yuan
![Chinese Gang Arrested for Exploiting Digital Yuan](https://cryptoinvestment.at/wp-content/uploads/2024/06/chinese-gang-arrested-for-exploiting-digital-yuan.png)
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, […]