Science and Technology Daily: Beware of illegal individuals acquiring digital RMB Wallets to carry out telecom fraud.

According to Mars Finance, on December 21, the Science and Technology Daily published an article titled “Accelerating the Application of Digital Renminbi, These Fraud Traps Need to Be Cautioned Against.” Liu Xiaochun, director of the Shanghai Financial Digitalization Research Center, revealed that criminals are spreading information about purchasing digital renminbi wallets through instant messaging tools and other channels, using generous returns as bait. They further utilize the acquired digital renminbi wallets to carry out telecom fraud, money laundering, and other illegal activities. Some criminals also design fake activity pages to extract personal information and steal funds. Dong Ximiao, deputy director of the Shanghai Financial and Development Laboratory, pointed out that preventing digital renminbi fraud hinges on recognizing its ordinary nature as legal tender, eliminating any greedy notions of making quick money, and protecting wallet passwords and verification codes as one would protect physical cash.