China’s Digital Yuan App Gets Update as Police Deal with First-Ever CBDC ‘Fraud’ Case

The central People’s Bank of China (PBoC) has added new functionality to its pilot digital yuan app – but it appears that some citizens are already trying to commit crimes using the new token, and have attempted to use it to launder money. Per IT Home, the PBoC’s app, which debuted in 11 cities and regions earlier this year, is set for a facelift – its first-ever – in the coming days, with an update that will respond to Apple’s next iOS update....Read More: China’s Digital Yuan App Gets Update as Police Deal with First-Ever CBDC ‘Fraud’ Case