7. February 2023

Chinese Cities Launch $26 Million Digital Yuan Promos for Spring Festival

• Chinese cities such as Shenzhen, Jinan and Lianyungang have reportedly launched several activities involving the digital yuan during the Spring Festival. • The local governments in these cities distributed over $26 million worth of e-CNY to promote its adoption. • Commercial institutions allowed consumers to pay bills in supermarkets, transportation and tourism using e-CNY. […]

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