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Warnings as Crypto, Digital Yuan Fraudsters Run Wild in China Chinese media outlets are reporting a sharp rise in bogus crypto, blockchain and digital yuan-related schemes in the country, as bitcoin (BTC) prices rise and the rollout of the Chinese central bank digital currency (CBDC) approaches. Per reports from JRJ and the National Business Daily, unsuspecting investors are laying down up to USD 60,000 at a time in fraudulent
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