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19 January 2021

Suzhou Government to Airdrop $3 Million in Digital Yuan for CBDC Trial | BTCMANAGER

Suzhou Government to Airdrop $3 Million in Digital Yuan for CBDC Trial | BTCMANAGER


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Suzhou Government to Airdrop $3 Million in Digital Yuan for CBDC Trial.

The Suzhou government is set to carry out a test on China’s central bank digital currency (CBDC) by conducting a digital yuan airdrop via a lottery program, which will see the distribution of $3 million worth of digital yuan to some lucky winners. .

For the DC/EP airdrop event, the Chinese city plans to give out 20 million yuan ($3 million) in China’s CBDC, with 100,000 lucky winners selected from the draw and given red envelopes containing 200 yuan ($30).

Back in October, the Shenzhen government distributed 10 million yuan (~$1.5 million) worth of digital currency to 50,000 lucky winners.

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