The People’s Bank of China has launched the first large-scale giveaway of the country’s central bank digital currency (CBDC) to be held in Beijing and has distributed 10,000m digital yuan (US$1.55m) to 50,000 participants in a ‘red envelope’ lottery. Recipients can use their digital currency e-wallet to make in-store purchases at participating merchants in the […]

Read the rest of China’s central bank expands digital yuan pilot to Beijing at NFCW.