BEIJING TO HAND OUT AROUND $6.27 MILLION IN DIGITAL CURRENCY

Highlights –

• Beijing to hand out around $6.27 million in digital currency.
• Beijing Local Financial Supervision and Administration Bureau will do the same through a lottery system.
• China has been developing digital yuan since 2014, but it is still under trials in the form of lotteries.
• Lottery winners will need to download the mobile application of the digital RMB.
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Tags : CHINA CRYPTOCURRENCY, CHINA YEN, CHINA DIGITAL CURRENCY, CHINA DIGITAL RENMINBI, PEOPLE'S BANK OF CHINA, PBOC, BANK OF CHINA AND INDUSTRIAL AND COMMERCIAL BANK OF CHINA,

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