Chinese Police issue warning about CBDC scam promising access to $186M Government Fund

Telegram Whatsapp Bitcoin and other alternate cryptocurrencies have been used as a tool for scammers to dupe victims by promising them massive returns on investment. Now it seems these bad actors are also targeting central bank digital currencies (CBDCs), and China's digital yuan seems to be the new target. Some fraudulent organizations in China are pretending to be promoters of digital yuan and trying to scam locals. Per a report from the cybercrime unit of the Weifang police force in Shandong Province, local authorities have recently issued a warning against a "sophisticated" CBDC-themed scam. Dubbed the "Central Bank's International Wallet",…