China to hand out $6.2M in new digital yuan trial in Beijing

Cointelegraph

Published Jun 02, 2021 08:16AM ET

Updated Jun 02, 2021 10:00AM ET

The Chinese government is launching another digital yuan lottery to stimulate its ongoing digital currency trials, this time in the capital of Beijing.

The Beijing Local Financial Supervision and Administration officially announced Tuesday that the government will distribute 40 million digital yuan ($6.2 million) to Beijing residents as part of a new digital currency pilot.

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