Digital Renminbi Scam Alert: PBOC Warns Against Private Promoters, Subsidies, and High-Return Schemes

COINOTAG News reported on December 16 that the digital renminbi remains a digital form of legal tender, issued under a central bank‑digital currency operation organization dual-layer framework in China. The Shanghai headquarters of the People’s Bank of China reaffirmed there are no private promotion centers tied to the CBDC rollout.

Officials stressed that there is no digital renminbi promoter exam, no exchange subsidy or transaction rebate, and it will not promote high commissions or promise outsized returns. It also does not encourage disclosure of sensitive personal data or involvement in pyramid schemes.

With warnings about purported high returns or risk-free profits from so-called digital renminbi investments, readers should remain cautious and avoid gullibility. If a scam is suspected, authorities advise reporting to the police immediately to protect financial interests.