As it is customary on many occasions and when the launch date of a major company or body approaches a product

You find dozens of scam fake websites imitating the original websites and aim to hunt as many victims as possible in sync with the original event.

This is what happened with the Central Bank of China (PBoC), which earlier indicated that it was preparing to develop the digital yuan currency.

The bank clarified that the currency project is still under trial and testing and has never announced an official launch date.

While scammers see otherwise and want to speed it up in their own way!

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A fake website has appeared bearing the name of the official currency of the digital yuan “DECP”, adding to it the letters of the application programming interface “API” and the fake site appears as a countdown to the approaching date of revealing the digital yuan currency, which it set on November 20.

China central bank response:

Last Wednesday, the Central Bank issued a statement that:

Anything traded in the market under the name DC/EP or DCEP is not the national digital currency, and any launch time on the internet is incorrect.

The bank also warned potential investors about scams and Ponzi schemes in the name of the digital currency.

The bank added:

We have not allowed any platform to trade in DCEP.

Investors should be aware of companies that mimic the central bank to lure people into trading digital currency, which can be fraught with misinformation.

The Central Bank “PBoC” manages the development of a stable digital currency through the Digital Currency Research Institute, which was established in 2014 under the supervision of the Bank’s management.

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After a relatively quiet development period for the past five years, the central bank began disclosing more details about the “DCEP” coin following Facebook’s unveiling of Libra last June.

Last August, Forbes reported that China’s national digital currency would be launched on November 11, citing an unnamed Chinese government official.

In September, the central bank denied this date, and said that there is no plan to launch a stable currency during the next 80 days, meaning there is no launch before December 10.

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