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China Opens Digital Yuan Whitelist for Ten Million Citizens


The Chinese government is taking its digital yuan test one step further. Now, 10 million users will be able to test and use the currency after applying to join a whitelist in selected state banks. This new phase of the test aims to detect possible problems in a more broad testing environment. China...

Chinese Bank Employees Told to Entice 300 Customers to Use the Digital Yuan


In mid-May, a report stemming from residents in Shenzhen, China explained that the digital yuan wasn’t seeing widespread participation, which the Chinese government has alluded to in many press releases. Now a handful of China’s state-owned banks have asked staff to recruit 200 to...

Despite the Crackdown, Crypto Fraudsters Still Run Amok in China


Against all odds, crypto fraud is reportedly on the rise in China, where a massive crackdown on mining, trading and crypto brokerage services appears to have failed to deter those hoping to get rich quick from crypto-themed schemes. Per the 21st Century Business Herald, a woman this month fell...

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