Today the Chinese press reports rumors of another central bank digital currency (CBDC) trial lottery planned for Suzhou on December 12th. However, the original article in the Paper has been taken down. Another publication, Sina, stated the Paper’s digital yuan news was based on people familiar with the matter. The removal could either mean the news is untrue or more likely not approved.
Suzhou was the location of one of the earliest trials of the CBDC for transport subsidies targeting workers at four state-owned banks.
There was a lottery to give away 200 digital yuan ($30) or eCNY to 50,000 people in Shenzhen in October. Today’s news states the next trial will target Double 12 day, also called Couples Day and the third biggest shopping holiday in China on December 12th.
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