Digital Renminbi Scam Resurfaces: Beware of Fake Organizations and False Information

Digital Renminbi Scam Resurfaces: Beware of Fake Organizations and False InformationRecently, criminals have been impersonating the Digital Currency Research Institute of the People's Bank of China, issuing fake announcements claiming that "the digital renminbi platform will issue digital asset dividends to users who have received exclusive withdrawal channels approved by the Ministry of Finance and the State Administration of Data," and that it "will open the second batch of asset registration audits and green channel quota subscriptions." Upon investigation, these "announcements" and "platforms" are forged, and the relevant information is false

Digital Renminbi Scam Resurfaces: Beware of Fake Organizations and False Information

Recently, criminals have been impersonating the Digital Currency Research Institute of the People's Bank of China, issuing fake announcements claiming that "the digital renminbi platform will issue digital asset dividends to users who have received exclusive withdrawal channels approved by the Ministry of Finance and the State Administration of Data," and that it "will open the second batch of asset registration audits and green channel quota subscriptions." Upon investigation, these "announcements" and "platforms" are forged, and the relevant information is false. The Digital Currency Research Institute has never released such information, nor has it organized registration or subscription of "digital assets," or issued "digital asset dividends." Relevant units, enterprises and the public are urged to be vigilant, enhance their ability to discern information, and avoid being deceived.

The Digital Currency Research Institute of the People's Bank of China once again emphasizes that digital renminbi is the digital form of legal tender issued by the People's Bank of China, operated by designated operating institutions and exchanged to the public, and has advantages such as high security, offline payment, and controllable anonymity. Simply put, the digital renminbi has all the characteristics of cash renminbi, it is just in a different form.

In recent years, the pilot program of the digital renminbi has been steadily advancing, and the public's participation and awareness of the digital renminbi are constantly increasing. Whether it is application on the consumer side, or implementation in government affairs, people's livelihood and other fields, the digital renminbi is gradually penetrating all aspects of production and life. From consumption red envelope issuance, smart payment, prepaid funds management to government special funds allocation, the digital renminbi scenario applications are presenting a new pattern of "blooming everywhere."

However, with the popularization of the digital renminbi, some criminals have also seized the opportunity to carry out scams under the banner of the digital renminbi or digital assets. These scams often take advantage of people's lack of understanding of digital currency and the investment boom, using false information such as high returns, rapid profits, to entice investors.

At present, China's legal digital currency, the digital renminbi, is still in the pilot stage, and no institutions or enterprises have been authorized to issue legal digital currency. Any so-called "digital currency" on the market is not legal digital currency. Any investment in digital assets under the name of the People's Bank of China or the Digital Currency Research Institute is a fraudulent act. Investors must be vigilant and not believe any information that has not been officially verified.

In addition to the recent fake announcements, some platforms have previously released interpretations of digital asset policies, impersonating the People's Bank of China, which are all false information. The People's Bank of China and the Digital Currency Research Institute have not established similar digital asset platforms. Any investment that uses this banner to induce investment is a scam. Investors must be vigilant. Relevant departments should continue to strengthen publicity and warnings, and continuously increase efforts to crack down on and rectify such activities.

The digital renminbi app is the official service platform for the digital renminbi for users. Relevant personnel remind that when using the digital renminbi app, please identify the official download channels. Users in pilot areas can search for "digital renminbi" in mobile application markets such as Apple, Google, Huawei, Xiaomi, OPPO, vivo, Meizu, Honor, and mainstream application markets such as Baidu, Application Treasure, 360 Mobile Assistant, and Wandoujia. They can also visit the website www.pbcdci.cn to download and register for the digital renminbi app.

The following suggestions can help the public identify digital renminbi scams:

• Official channel verification: For any information involving the digital renminbi, please be sure to verify it through the official website, WeChat official account or other official channels of the People's Bank of China or the Digital Currency Research Institute.

• Beware of high returns: Any digital asset investment project that promises high returns and rapid profits is very likely to be a scam.

• Don't believe strangers: Don't easily believe information from unknown sources, especially information involving investments in the digital renminbi.

• Keep evidence: If you encounter suspicious situations, please keep relevant information and report it to the relevant authorities.

The promotion and application of the digital renminbi is an important financial innovation, but we need to maintain vigilance and avoid falling into the trap of scammers. We hope that everyone will improve their security awareness, invest rationally, and jointly maintain the healthy development of the digital currency market.