News Snapshot:
The free digital yuan currency awarded in the lottery can be spent only in 3389 stores that are set up to handle electronic payments. As China continues to roll out its digital yuan currency gradually into the market, some Shenzhen residents had something to celebrate on Monday as they received free digital yuan into their wallets. According to media outlet AsiaOne, 1,913,847 Shenzhen residents signed up to take part in the latest trial for China’s sovereign digital currency. However, only 2.61% of the applicants were successful and received 200 digital yuan in the lottery. Plans to distribute 10 million digital...
