Shenzhen Continues CBDC Trials, Distributes Another $3 Million in Digital Yuan

Bitcoin Ethereum News The Chinese city of Shenzhen is preparing for its third test for China's central bank digital currency (CBDC) project known as digital currency electronic payment (DC/EP), as it plans to distribute $3 million in digital yuan in a red packet event. Shenzhen Conducts Digital Yuan Distribution in Longhua District According to local news outlet Yangcheng Evening News on Thursday (Jan. 21, 2021), the Shenzhen government is planning to distribute red packets to residents in the city as part of its efforts to continue trial of China's digital yuan. The program would take place in the district of…