China warns of fake digital currency wallets fleecing netizens

China's Ministry of Industry and Information Technology has warned local netizens that fake wallet apps for the nation's central bank digital currency (CBDC) are already circulating and being abused by scammers. The digital renminbi – aka the e-Yuan or e-CNY – is already widely used in parts of China where extensive pilots …

[Anonymous Coward]

I thought this squidjital currency thing was supposed to be the very pinnacle (well, until the next pinnacle) of security.

I suppose it was, until it wasn't.

[CaroleS]

Fake currency in a fake wallet, what will they think of next?

[Zibob]

Just a question, what do you define as fake currency?

[Anonymous Coward]

All governments want the end of cash

Taxation and surveillance is where they’re at these days.

[Anonymous Coward]

but but

Isn't it China's thing that the government has complete control over every aspect of people's lives, therefore there is no crime?

With the required monitoring software on everyone's phone, you would think there could be no un-approved software.