The Chinese CBDC’s “controllable anonymity” seems to be very highly controlled.
A court in China has sentenced members of a “gang” to prison and the payment of fines for money laundering using the yuan central bank digital currency, according to the local press.
The People's Procuratorate of Yuecheng District, Shaoxing City, Zhejiang Province sentenced three people to prison terms ranging from seven to 16 months for money laundering activities. The date of the trial was not given.
The gang members were identified only by their family names. They laundered 200,000 yuan ($27,580) in digital form over four days in mid-September in Shaoxing, the Chinese business website Mpaypas reported. A fourth person was arrested, but their fate was not specified.
