The People’s Bank of China (PBOC) is to follow its pilots of NFC-based contactless digital currency payments with the distribution of a further 20m digital yuan (US$3.1m) in a third ‘red envelope’ lottery to be held in the city of Shenzhen. Recipients will be able to spend their central bank digital currency (CBDC) across more […]

Read the rest of PBOC to launch third digital yuan trial in Shenzhen at NFCW.