Science and Technology Daily: Beware of criminals acquiring digital RMB wallets to carry out telecom fraud

The article from the Science and Technology Daily titled "The Acceleration of Digital Renminbi Applications: Beware of These Fraud Traps" reveals that Liu Xiaochun, director of the Shanghai Financial Digitalization Research Center, disclosed that some criminals are using instant messaging tools and other channels to spread information about purchasing digital renminbi wallets, lured by substantial returns. They then use the acquired digital renminbi wallets to carry out telecom fraud, money laundering, and other illegal activities. There are also criminals designing 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 all notions of quick money-making, and protecting wallet passwords and verification codes just as one would protect physical cash.