Cities throughout China are planning to begin testing (or already are) the country’s central bank digital currency (CBDC). Scammers have reportedly been impersonating CBDC testing groups.
Tencent QQ reports that criminals have been promoting a scam that asks unsuspecting Chinese residents to sign up for a new debit card. The victims are told that they’ll be getting a substantial amount of money after they make an investment of about 10,000 renminbi (appr. $1450).