Shenzhen, China, is readying a new digital yuan giveaway as the city looks to showcase the CBDC at a range of upcoming sporting events.
Per Shanghai Securities News, the city is set to hand out e-CNY tokens to some 50,000 citizens as part of its latest adoption drive.
The coins will be distributed via airdrops in virtual “red envelopes” (red is considered lucky in Chinese culture)….
Read More: Shenzhen, China, Prepares Fresh CBDC Giveaway