Central Bank: Announcement on the fraudulent use of the People's Bank to issue or promote legal digital currency

Recently, the net news said that the People's Bank of China has issued legal digital currency, and some organizations have used the name of the People's Bank to trade the relevant digital products on the digital asset trading platform with “DC/EP” or “DCEP”. The relevant information is hereby announced as follows

1. The People's Bank of China has not issued legal digital currency (DC/EP) and has not authorized any asset trading platform to conduct transactions. The People's Bank of China has been studying the legal digital currency since 2014 and is still in the process of research and testing. The market transactions "DC/EP" or "DCEP" are illegally set digital currency, and the legal digital currency issuance time is inaccurate.

Second, the current network of so-called legal digital currency issuance, and individual institutions fraudulently launching "DC/EP" or "DCEP" on the asset trading platform in the name of the People's Bank of China, may involve fraud and pyramid schemes, and ask the general public to raise risks. Consciousness, unbiased and credulous, to prevent damage to interests.

People's Bank of China

November 13, 2019


(Source: People's Bank of China)

We will continue to update Blocking; if you have any questions or suggestions, please contact us!


Was this article helpful?

93 out of 132 found this helpful

Discover more


Immovable Tencent Blockchain and the Advancing Web3 'Goose Factory Gang

Around 2022, Tencent's blockchain suddenly collapsed and disappeared from the domestic blockchain landscape in the co...


SOL's skyrocketing suggests ecological prosperity? Analysis of Solana's market and ecological development

The recent increase in SOL has also led to an overall increase in the valuation of assets in the Solana ecosystem, bu...


Curve is deeply involved in a security incident, how to establish a defense mechanism to prevent hackers and trace funds?

On July 31st, Curve announced on the platform that the stablecoin pool of Vyper 0.2.15 was attacked due to a vulnerab...


Bankless Co-founder's Latest Article Five Questions on the Soul of the Cryptocurrency Future

The path forward has never been clearer - since we first believed that Layer 1 would change the world, we've come suc...


Inspiration from the (3,3) and ve(3,3) flywheel models How to create a Ponzi scheme on friend.tech?

The fundamental way to trap users is to improve the efficiency of establishing a relationship of interest.


Like adding wings to a tiger? Exploring the 'Intent' paradigm in the Ethereum ecosystem

This article will explore the significance of Intent in the Ethereum landscape and the potential impact it may bring ...