China sees 10% rise in e-CNY wallets, first case of money laundering using digital yuan

The Chinese government may want to reconsider the security of its central bank digital currency [CBDC] in the backdrop of Xinmi police’s crackdown on the first-ever case of money laundering using the digital Yuan. According to reports, Xinmi Public Security alongside the Anti-fraud Center of the Zhenzhou Public security Bureau arrested 11 people. They were […]