Coinnounce
2020-12-07 06:03:10

A Chinese city hands out $3 million in digital yuan in the latest CBDC trial.

According to the South China Morning Post report, Suzhou municipal government said that they are giving away RMB 20 million ($3 million) to residents via a lottery. A total of 100,000 digital red packets, each containing RMB 200 ($31), will be distributed to residents this week, the eve of the so-called Double Twelve shopping festival. […]

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