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FACT CHECK: Forbes Published This Article about China’s New Cryptocurrency.

An image shared on Facebook purportedly shows a screengrab of a Forbes article with a headline that reads, “China Launches Official Cryptocurrency: World Banks And Governments Terrified.” Verdict: False The article comes from a website that is unaffiliated with Forbes. There is no evidence Forbes published such a story. Fact Check: China banned all crypto…

An image shared on Facebook purportedly shows a screengrab of a Forbes article with a headline that reads, “China Launches Official Cryptocurrency: World Banks And Governments Terrified.”

Verdict: False

The article comes from a website that is unaffiliated with Forbes. Forbes has not published this story.

Fact Check:

China banned all crypto transactions and mining in September 2021, Reuters reported. A Facebook image claims that China is now creating its own cryptocurrency.

The Facebook image is a screenshot from a Forbes article entitled “China Launches Official Blockchain Currency: World Banks and Governments Terrified.” It states that large banks were worried about this “unprecedented” move.

The Forbes article was not published. It does not appear on the official Forbes website nor does the tagged journalist appear to work for the outlet. There is likewise no trace of the article on the outlet’s verified Twitter and Facebook pages.

A keyword search revealed the article was published by the website sircles.net, which uses the Forbes header and format despite having no connection to the real Forbes. The article contains links that lead to a website encouraging people to invest in cryptocurrency, specifically Bitcoin. (RELATED: Did McDonald’s Send A Tweet Saying It Wouldn’t Hire People Who Have Traded Cryptocurrencies? )

China has been working on developing a digital version of its currency since 2014, according to CNBC. The outlet notes, however, that the digital currency is not considered a cryptocurrency since it is controlled by the People’

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