TechFlow, December 16 — According to Jinshi Data, the Shanghai Head Office of the People's Bank of China has issued a warning stating that digital RMB is the digital form of legal tender and operates under a two-tier system of "central bank - digital RMB business operating institutions." It has not established any civilian promotion centers, nor are there any digital RMB promoter examinations. Digital RMB does not allow speculation, and there are no so-called "exchange subsidies" or "rebates on transaction volume." It will not promote high commissions or high returns from cryptocurrency trading, nor will it induce users to disclose personal sensitive information or participate in pyramid schemes. For any so-called "digital RMB investments" promising "high returns" or "risk-free profits," stay vigilant, do not believe them easily, and be cautious to avoid fraud and economic loss. If you suspect you have encountered fraud, report it to the police immediately.
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