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China digital currency: Beijing, Suzhou confirm latest trials as e-yuan tests top 100 million yuan

Summary:
[unable to retrieve full-text content]Beijing and Suzhou will issue a total of 40 million yuan (US.2 million) in the latest trials of the nation’s digital currency this week in a bid to boost consumption over the upcoming Lunar New Year holiday.The China Daily reported on Monday that, according to government notice issued over the weekend, Beijing will distribute 10 million yuan in digital red packets each worth 200 yuan (US) via a lucky draw each on Wednesday for use both online and offline.Users will be able to spend the…

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[unable to retrieve full-text content]
Beijing and Suzhou will issue a total of 40 million yuan (US$6.2 million) in the latest trials of the nation’s digital currency this week in a bid to boost consumption over the upcoming Lunar New Year holiday.The China Daily reported on Monday that, according to government notice issued over the weekend, Beijing will distribute 10 million yuan in digital red packets each worth 200 yuan (US$31) via a lucky draw each on Wednesday for use both online and offline.Users will be able to spend the…

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