A look at China’s pilot of digital yuan via Shenzhen’s “red packet”

Shenzhen has just announced that it is giving away ‘free’ digital yuan in a bid to stimulate consumption. The gifts are 50,000 electronic red packets, each containing 200-yuan (US$29.5) worth of digital currency to selected consumers in the current digital currency pilot. You can read the news (in English) here. I am attaching additional details …

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