#Yuan

The official currency of China.

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ForkLog 5 13.10.2020

Digital yuan airdrop drew nearly 2 million people

Authorities in Shenzhen carried out the first distribution of the digital yuan to the public. Applications for one of the 50,000 red envelopes were submitted by 1,913,847 people, according to AsiaOne.

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ForkLog 8 12.10.2020

Opinion: DCEP built on the digital yuan is just another payments app

The Shenzhen authorities' distribution of 10 million digital yuan among 50,000 residents is nothing more than a change of payment channel. The public does not realise what lies ahead when monetary policy comes under even greater control of the Chinese central bank, according to Dovey Wan, managing partner at Primitive Ventures.

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ForkLog 8 09.10.2020

China Announces First Public Distribution of Digital Yuan

In October, China will run a lottery to distribute digital yuan gifts. Shenzhen authorities will randomly distribute 10 million digital yuan among 50,000 residents of Luohu District in the form of red envelopes.

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ForkLog 8 06.10.2020

China tests digital yuan in $162m pilot transactions

The People’s Bank of China conducted tests of the national digital currency (CBDC) in pilot transactions totaling 1.1 billion yuan (~$162 million), according to the South China Morning Post.

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