China to hand out over $6 MILLION in another digital yuan lottery ...News

The Beijing Local Financial Supervision and Administration Bureau has officially announced that some 40 million digital yuan ($6.2 million) will be distributed to the city’s residents as part of a new digital currency trial. Starting this month, a total of 200,000 digital red envelopes, each containing 200 digital yuan ($31), will be given to lottery winners in the digital renminbi test program, said the bureau. Red envelopes are a traditional way of gifting money in China. Beijing residents can sign up for the lottery through the mobile applications of the People’s Bank of China (PBOC), as well as the Industrial and Commercial Bank of

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