Token Impersonates Chinese Digital Yuan as Official Launch Date Remains Unknown
Cointelegraph
Published May 22, 2020 09:38AM ET
Updated May 22, 2020 11:40AM ET
With the official release date of digital yuan being kept in the dark, third-party actors have stepped in to impersonate the digital yuan officials, hoping to attract gullible investors.
A recent press statement issued by a company called Yuan Pay Group mentions the release of “the e-Yuan”, a currency which allegedly allows the government of China to use smart contracts “to track assets and liabilities and to ensure that multiple loans are not taken over the same collateral."
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Written By: Cointelegraph
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