Digital Yuan Trial Goes Live But Fears Over Dystopian Future Grow Louder
After years of reports and leakages on Chinese social media, Shenzhen locals ended up being the very first in the nation to trial the digital yuan.Distribution of funds took location through a lottery-style promo with 50,000″red packages,”each worth 200 yuan($ 30), up for grabs.Chinese residents living in Shenzhen registered their interest through the regional federal government app, iShenzhen. He approximates the 10 million yuan federal government invest will bring a fivefold boost to the area. “The Shenzhen trial reveals genuine development in China’s rollout of the digital yuan.
