The city of Changzhou, China, is set to give away $700,000 worth of digital yuan tokens and coupons before the year is out, as the nation’s central bank digital currency (CBDC) pilot continues. Per Changzhou Evening News (via JSChina), the city is hoping to boost CBDC spending during an upcoming citywide shopping festival by distributing e-CNY in “lucky red [digital] envelopes.” Red is a symbol of good fortune in China.... Read More: China’s Changzhou to Give Away Digital Yuan Tokens, Coupons Worth $700k
