Watch out for fake digital yuan wallets!
Perhaps digital criminals are one of the most progressive users of the modern crypto industry. This is confirmed by today’s news. We all know that China’s financial regulator is developing its own cryptocurrency. The internal coin, which is an analogue of the yuan, is currently undergoing final tests. However, hackers are already trying to trick potential users of the currency. Criminals create bogus digital wallets. Next, we will tell you what is known about the scam that has arisen and how to protect yourself from manipulation by hackers. So let’s get started.
Details of the project
First, let’s remember what is known about the digital yuan. The equivalent of the Chinese state currency has been in development for a long time. Nevertheless, the project is already close to its own completion. At the moment, as the developers say, the currency is almost ready. The coin passes final tests. Now the asset is already being used in the first projects. That is, as you understand, the coin has not yet entered the market. However, hackers have already created fake currency wallets. The latter are used to deceive naive users who are waiting for the release of the coin and do not follow the news of the digital yuan.
The creator of the internal coin, Mu Changchun, notes that the project representatives have already found really working, but fake digital wallets. The specialist notes that this phenomenon was expected for the company’s representatives. Similar to the development of fiat currencies, the creation of cryptocurrencies is also associated with counterfeits and scams. At the moment, the problem is not global. Representatives of the company urge not to panic and calmly wait for the official presentation of the yuan.
What will the creators of the yuan do?
Are the developers planning to fight against dishonest projects? Yes, absolutely. The reputation of the cryptocurrency needs to be maintained, especially if we are talking about such a serious state asset. However, specific measures to counter dishonest companies are still unknown. The company representatives note that the fight against counterfeiting is a huge expense. In the case of digital money, costs can increase several times. For China, this experience will be unique, so that future work will be indicative and rewarding for the entire industry. Recall that at the moment the project is used with functionality to ensure partial anonymity. Transactions, of course, will not take place with complete confidentiality, but some manifestations of privacy are planned.
How to avoid falling prey to the creators of bogus yuan wallets?
Company representatives note that the creation of a digital coin will not affect the classical yuan in any way. The state does not intend to completely switch to cryptocurrency. It is planned to share both fiat and digital coins for several years. So it is very important to learn how to distinguish a fake project from a real one. Be sure to double-check the public information that is provided for each site or software solution. It is important to carefully look at the address bar of the resource, otherwise, there is a high probability of stumbling upon swindlers. In the current situation, it is extremely important to stay abreast of the latest developments in the crypto industry.
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