China Is Conducting A 10 Million Yuan Giveaway Of Itࢀ™s New National Digital Currency, Suggesting That The Digital Yuan Will Launch Soon

There has been speculation for years that China would launch a national blockchain-based digital currency, and that speculation is now turning into a reality. The latest news is that China will be conducting a 10 million Yuan (CNY) giveaway of the digital currency in Shenzhen. 50,000 Chinese citizens can register for the giveaway, and each of them will receive 200 CNY. Further, 3,389 stores will accept the Digital Yuan for a week between October 12 and October 18. Basically, this is a week-long pilot experiment of the Digital Yuan, and the main point to take away from this is that…