China & Argentina Advance CBDC Roll Out ~ ¥15,000,000 Giveaway
https://news.bitcoin.com/digital-yuan-giveaway-shenzhen-residents-to-receive-15-million-yuan-in-digital-currency/
https://news.bitcoin.com/argentinian-government-advances-the-creation-of-a-national-cbdc/
The Chinese government is giving away 15 million yuan in central bank digital currency (CBDC) to 130,000 residents of Shenzhen this Friday. The digital yuan can be used at nearly 5,000 stores with no minimum purchase required.
Digital Yuan Pilot Continues
China’s central bank, the People’s Bank of China (PBOC), continues to test its central bank digital currency (CBDC) with another digital yuan giveaway.
The government of Shenzhen’s Futian district has announced that 15 million yuan ($2.27 million) in digital RMB (e-CNY) will be given to local residents Friday, Global Times reported. It will be divided into 130,000 red packets and given away by raffle via Wechat payment.