Chinese cities continue to promote digital yuan through festive lotteries By Cointelegraph

Chinese cities continue to promote digital yuan through festive lotteries Residents of the Longhua District in the Chinese city of Shenzhen will have a chance to participate in a forthcoming lottery event that aims to encourage the adoption of the country's new central bank digital currency — known alternatively as the DC/EP, digital renminbi, or digital yuan. Announced on Jan. 20, the lottery is scheduled for Jan. 26, when lots will be drawn to select the 100,000 winners who will each receive a festive "red envelope" packet containing 200 yuan ($31) in DC/EP. The total currency issued and distributed for…