The city of Shenzhen is planning yet another $3 million digital currency test

The Chinese city of Shenzhen is seeking to boost awareness and use of digital currency by giving 20 million yuan (over $3 million) away to its citizens, according to the Chinese news publication Xinhuanet.

Shenzhen residents can receive 200 yuan worth of digital currency in “red envelopes” through a lottery, mirroring past trial runs. This initiative represents the third of its kind.


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