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Chinese City Suzhou To Distribute $5 Million In Digital Yuan

Tracy CHEN

Summary: China is extending its digital yuan trial yet again as the city of Suzhou has announced the lottery to distribute 30 million yuan (around $5 million) among the residents in digital fiat.The city government will distribute 150,000 red packets, each with 200 yuan (around $31). Though the giveaway will take place on Friday, the results ...

China is extending its digital yuan trial yet again as the city of Suzhou has announced the lottery to distribute 30 million yuan (around $5 million) among the residents in digital fiat.
The city government will distribute 150,000 red packets, each with 200 yuan (around $31). Though the giveaway will take place on Friday, the results will be announced on February 10.

Tracy Chen

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