Express

Chinese City Of Shenzhen Begins Its Third Trial Of The Digital Yuan, Giving Away $3 Million To Citizens

Emily Mason

Summary: The Chinese city of Shenzhen is set to run another test of its digital yuan by giving 20 million yuan worth over $3 million away to its citizens for the third time, local publication Xinhuanet reported. Residents of Shenzhen can receive 200 yuan worth of digital currency through a lottery, similar to the past two trial runs. Eligible ...

The Chinese city of Shenzhen is set to run another test of its digital yuan by giving 20 million yuan worth over $3 million away to its citizens for the third time, local publication Xinhuanet reported.

Residents of Shenzhen can receive 200 yuan worth of digital currency through a lottery, similar to the past two trial runs. Eligible participants who can register for the random drawing include merchants and employees of firms who will be present in the city during the Spring Festival.  The People's Bank of China issued the digital yuan and the lottery opened on Wednesday. 

By Emily Mason

Last Update:

Tags: ,,
Link: Chinese City Of Shenzhen Begins Its Third Trial Of The Digital Yuan, Giving Away $3 Million To Citizens   [Copy]
Next:

Related Articles

  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 11 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 12 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 14 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 14 days ago
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 17 days ago

    • You need to login to comment.