News Snapshot:
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — The southwestern Chinese city of Chengdu announced Tuesday it will hand out roughly $6 million in the latest test of the central bank’s digital currency. The scale of the trial is much larger than one in Beijing earlier this month, which aimed to distribute roughly $1.5 million to 50,000 applicants. Other cities like Shenzhen and Suzhou have held their own tests of the People’s Bank of China’s digital currency in the last few...
