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Home Currencies

China accelerates the roll-out of its digital currency amid hype, concerns, East Asia News & Top Stories

MtR by MtR
July 1, 2021
in Currencies
0


BEIJING – Trials of China’s digital currency revved up in Beijing last month, with the government forking out 40 million yuan (S$8.3 million) in a lottery for residents to try out the e-yuan.

Each of the 200,000 lucky winners received 200 e-yuan in a mobile wallet, similar to an earlier roll-out during Chinese New Year in February, which saw 50,000 winners in the Chinese capital.

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