TL;DR Breakdown - China records first illegal use case of digital yuan. - 11 criminals arrested, to face trial of illegal use of cbdc. - China warned about sophisticated scam with CBDC before now. Ever since the digital yuan, China’s CBDC has been rolled out for its final test, the digital currency has never been used to commit any crime until now. Reports emerged on Wednesday that Chinese officials have cracked down on a criminal group connected to a money laundering charge. The group reportedly scammed a person for 200,000 yuan (about $32,000) and used a digital yuan wallet to...