Shenzhen -. Southern boomtown of Shenzhen China will issue 10 million yuan (about $ 1.47 million) worth of digital currency in a pilot project to promote the implementation of the new form of currency program p>
The program in collaboration with the central bank of the country, the People's Bank of China will issue the currency in 50,000 "red envelopes" worth 200 yuan each through a lottery. P>
Shenzhen residents can apply for participation in drawing up the start Friday. Winners will be notified on October 12 and you can download an application to receive their red envelopes. P>
The money can be used to make purchases at designated enterprises in the Shenzhen Luohu district, which funded the program. P>
The program is an innovative initiative to boost consumption and domestic demand during regular control and prevention of COVID-19, and a routine test in the process of research and development of the currency, according to local authorities. P>
The Ministry of Commerce of China said in August that China will drive the digital renminbi in select regions across the country, including the region of Beijing-Tianjin-Hebei, the delta of the Yangtze River, the bay and Area Guangdong-Hong Kong-Macao, and some eligible locations in Midwest China. P>
Chinese central bank studies began in a digital currency in 2014. started R & D "digital currency and electronic payment" or CC / EP end 2017. p> < p> top-level design, setting standards, R & D of the DC / EP functions, and joi nt tests have been basically completed, according to an interview Yi Gang, the governor of the central bank of China, in May. P>
Categories:
Beijing
Guangdong
Shenzhen
Tianjin
