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Chinese Police Make First Arrest For CBDC Money Laundering

Chinese Police Make First Arrest For CBDC Money Laundering

Chinese officials have hunted down a gang suspected of laundering money using the digital yuan.
Chinese officials have arrested members of a criminal group charged with alleged money laundering using the country’s CBDC, the digital yuan. The news implies the Chinese government and law enforcement will have greater control and oversight over financial activities in the country with its CBDC.
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