Express

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

Last Update:

Tags: ,
Link: Chinese City Suzhou To Distribute $5 Million In Digital Yuan   [Copy]
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 7 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 14 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 18 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 21 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 25 days ago
  • You need to login to comment.