Chinese Police Makes Arrest Over Digital Yuan Scam
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Police in China arrested a suspect for allegedly scamming over 300,000 yuan ($47,000) from a woman using the central bank’s new digital currency.
The suspect called the victim earlier this month and impersonated police to obtain her personal information including ID number, bank account details and a photo of her face, Chinese media Thepaper.cn reported Tuesday. The suspect then registered a digital yuan e-wallet for the victim and transferred the money from her bank account, before transferring it again to the suspect’s own e-wallet, according to the report.