Shanghai, China’s biggest city and most powerful financial hub, is set to give away digital yuan tokens to 7,000,000 residents later this week.
Per Yicai, the money – like previous giveaways – will be distributed in digital “red envelopes.” Shanghai residents were asked to register their interest in the giveaway by the end of November 21. A lottery draw will be held in the next few days and tokens will be delivered to “winners” via text message beginning on November 24….
Read More: Shanghai Readies New Digital Yuan Giveaway