<p>The Chinese city of Suzhou is set to give away 30 million yuan or about $5 million in the latest digital currency test.</p> <p>The city government <a href="https://mp.weixin.qq.com/s/u9ivIAl_78fhIc3cUIiC0Q">announced</a> the news on Thursday, saying that the giveaway will take place on Friday, in 150,000 red envelopes, each worth 200 yuan ($31).</p> <p>The giveaway results will be announced on February 10, and winners will have to spend the money between February 10 and February 26 on the e-commerce site JD.com and selected offline merchants in Suzhou.</p> <p>This would be the latest digital yuan trial by Suzhou. In December, the city <a href="https://www.theblockcrypto.com/post/87754/china-digital-yuan-touching-pay">gave away about $3 million</a> worth of digital yuan in red packets.</p> <p>China's digital currency keeps getting real with an increasing number of city-wide tests, <a href="https://www.theblockcrypto.com/daily/91947/digital-yuan-tests-alipay-wechat">as The Block has reported previously</a>.</p> <p>Chengdu is said to be the <a href="https://www.theblockcrypto.com/linked/92339/chengdu-digital-yuan-cbdc-test">next place</a> to roll out another city-wide test of China's central bank digital currency, officially known as Digital Currency/ Electronic Payment or DC/EP.</p>