The Shanghai branch of the People's Bank of China stated that the digital yuan has no room for speculation and warned against being scammed.

According to Odaily Planet Daily, the Shanghai branch of the People's Bank of China (PBOC) reminds the public that the digital yuan is a digital form of legal tender, operating under a two-tiered structure of "central bank-digital yuan business operation institution." No private promotion centers have been established, and there is no examination for digital yuan promoters. The digital yuan has no room for speculation, and there are no so-called "exchange subsidies" or "transaction rebates." It will not promote high commissions or high returns from cryptocurrency trading, nor will it induce users to disclose sensitive personal information or participate in pyramid schemes. When faced with promises of "high returns" and "guaranteed profits" from so-called "digital yuan investments," remain vigilant, do not easily believe them, and beware of being scammed to avoid financial losses. If you suspect you have been scammed, report it to the police immediately. (PBOC Shanghai Branch)