Shenzhen has announced its third digital yuan giveaway (fourth in China) after results of the second Shenzhen eCNY trial in the Futian district were announced earlier this week. This time, the central bank digital currency (CBDC) lottery is targeting businesses in the Longhua district, as opposed to individuals, reports Beijing Daily. Like the previous trial, there will be 100,000 giveaways of 200 yuan ($31).
To qualify for the lottery, the business has to have a registered address within the Longhua district and must pay social security within the Longhua district for the Spring Festival. The festival is around the Chinese New Year on February 12. Lottery applications open today.
In addition to the three trials in Shenzhen, there was also a 100,000 giveaway in Suzhou City in December. Given the timing, there have been almost continuous mass digital RMB tests since mid-December.
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