News Snapshot:
Email The second city in China is launching a lottery to test its digital currency/electronic payment (DC/EP) project, a local report states. On Monday, local Chinese media The Paper reported that the district of Suzhou in Xiangcheng would launch a lottery to give away the country’s central bank digital currency ( CBDC ) in a bid to test the real-use cases of the digital currency. The ‘red envelop’ lottery is set to launch on December 12th across the city, a date known as Double 12 across China, and an end-year shopping festival. The report said the lottery would be released...
