News Snapshot:
• nfcw.com GIVEAWAY: Nearly 9m ‘gift’ e-yuan were spent during the week-long CBDC test in the city of Shenzhen China’s ‘red envelope’ lottery giveaway of digital yuan to 50,000 residents of Shenzhen resulted in 62,788 transactions with a total value of 8.764m yuan (US$1.32m) during the week-long central bank digital currency (CBDC) test in the city. In all, 47,573 of those chosen from nearly two million applicants to receive the 200 e-yuan (US$29.65) ‘gift’ in their digital wallet used the currency to make purchases at 3,000 participating retailers in Shenzhen’s Luohu district, according to local government figures . Participants were...
