Yuan Pay Group
This is NOT a regulated broker. Do not deposit any money with this platform.
Official Warning
Yuan Pay Group is not regulated by any recognized financial authority. Multiple consumers have reported losing money to this platform. If you have been contacted by this platform, do not send any money.
What is Yuan Pay Group?
Yuan Pay Group falsely claims to be the only authorized seller of China's digital yuan (e-CNY). It has no connection to the People's Bank of China or any legitimate entity.
Red Flags
Falsely claims authorization from Chinese government
Claims to sell China's official digital currency
No connection to People's Bank of China
Promises massive returns on digital yuan investment
Has been debunked by Chinese authorities
Funds go to unregulated offshore brokers
How the Scam Works
The scam exploits interest in China's digital currency by claiming exclusive selling rights. Users deposit money believing they are buying digital yuan, but funds go to unregulated brokers. The platform shows fake 'yuan token' balances that have no real value.
What to Do If You've Been Scammed
Stop all communication with the platform immediately. Do not send any more money. Document all transactions, emails, and screenshots. Report to your local financial regulator and police. Contact your bank to attempt a chargeback on credit card payments. Be wary of 'recovery' services that may be secondary scams.