News Snapshot:
Futian district in Shenzhen, China. A different district, Luhou, took part in the digital currency pilot. Prisma by Dukas/Universal Images Group via Getty Images Authorities in Shenzhen , southern China , have handed out $1.5 million of a new digital currency as part of a trial of a cashless society. Last Friday authorities gave 50,000 lottery winners the equivalent of $30 each to spend digitally by October 16, the state-run China Daily reported Monday . The digital currency is not like a cryptocurrency, and is issued and controlled by China's central bank, the People's Bank of China. The PBoC said...
