The Shanghai branch of the People's Bank of China warns against scams disguised as promotion of the digital yuan.

PANews reported on December 16th that, according to the official WeChat account of the Shanghai branch of the People's Bank of China, recently, some criminals have been using the guise of "promoting the digital yuan" and "recruiting promoters" to lure the public into participating in online group chats and subjecting them to "exams" and "courses" for brainwashing, thus carrying out pyramid scheme-style fraud. The central bank reiterated that there is no room for speculation in the digital yuan, there are no rebates or subsidies, and there are no promoter exams. The public should be wary of enticing behaviors such as "high returns" and "recruiting members," and should not click on unknown links or join unfamiliar groups to avoid financial losses. If you encounter fraud, report it to the police immediately.