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China has problems with fake wallets copying its digital yuan

The China CBDC scam uses ‘dividends’ to trick users into sharing the app while also directing them to tools capable of seizing their funds.

Explained: Interlinking CBDCs and their potential impact

Banks experimenting with SWIFT’s interlinking CBDCs include the Hong Kong Monetary Authority and the National Bank of Kazakhstan.

During a Twitter Space, Bitcoin fan Ron De Santis called CBDCs a “transfer of power from individual consumers to a central authority.”

The policy was led by the Florida Blockchain Business Association, a chamber of commerce headed by pro-crypto consultant Samuel Armes.

The launch of FedNow, which will offer 24/7 payments, means many crypto projects may need to rethink their differentiated value propositions.