News Snapshot:
Cryptocurrencies , Politics , Regulation China launches second lottery to test digital yuan China’s central bank will repeat its $1.5 million “red envelope†central bank digital currency program in Suzhou, following the successful run in Shenzhen By Adrian Zmudzinski After a very successful September test run in Shenzhen, the People’s Bank of China is conducting another digital yuan lottery, this time in Suzhou. The Shenzhen test acted as both a stress test and a marketing initiative for China’s central bank digital currency (CBDC). The City government gave away $1.5 million to 50,000 randomly selected citizens, who each received 200 yuan—about...
