CHINA-ECONOMY: BEIJING ISSUES DIGITAL CURRENCY WORTH US$ 1,55 MILLION TO LOCAL RESIDENTS TO ENCOURAGE SPENDING DURING CHINESE NEW YEAR

Xinhua (February 6) announced that Beijing will issue digital currency worth 10 million yuan (US$ 1.55 million) to local residents via lottery in 'virtual red envelopes' on February 7, to boost consumption during the upcoming Spring Festival holiday. The digital RMB can be used in selected online/physical shops.





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