Chengdu is said to give away ~$8 million digital yuan in latest CBDC test


Source: bitcoinethereumnews.com bitcoinethereumnews.com

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Bitcoin Ethereum News Chengdu is said to be the next place to roll out another city-wide test of China’s central bank digital currency. Chinese payments media Mpaypass cited an internal memo from the Bank of Communications in a report on Monday. Per the bank’s internal note, the Southwestern Chinese city is set to start the test on January 27 with the local government giving away 30 million digital yuan, worth $4.6 million. On top of that, Chinese e-commerce giant JD.com will give away another 20 million digital yuan, worth $3.1 million, that can be spent on online shopping, the report...