China’s Shenzhen city giving away $1.5M in digital yuan to boost adoption
Luohu district in Shenzhen will distribute 50,000 digital ‘red packets’, each containing 200 yuan ($29.7) in a lottery.
Luohu district in Shenzhen will distribute 50,000 digital ‘red packets’, each containing 200 yuan ($29.7) in a lottery.
According to PBOC’s deputy governor, China’s CBDC, the DC/EP, has been used in over 3.13 million transactions with a valuation of roughly $162 million.
Beijing has been named as the top blockchain city in the 2020 Chinese Blockchain Innovation rankings.
The six were among over 100 suspected PlusToken operators who were arrested by Chinese authorities in August.
Blockchain technology will process real-time data, allowing the authorities to organize and equitably distribute public resources.
The China Construction Bank briefly rolled out the feature over the weekend, allowing users of its mobile app to access the digital yuan.
Federal authorities have filed a lawsuit as it seeks control of 280 digital currency wallets it claims were used by North Korean hackers.
Block reward miners from Chinese region of Inner Mongolia can no longer access state-subsidized power to run their operations.
The digital currency electronic payment has been on a test run, targeting small retail transactions amid preparations for nationwide rollout.
Natalie’s choice this week is Bitcoin Association, China Manager, Lise Li, as she discusses her job at the Bitcoin Association and the opportunities for Bitcoin SV in China.
Teams solely interested in garnering a share of the reward subsidy are finding high profits more elusive due to the increasingly thinner profit margins.
The state-backed blockchain platform will prioritize public blockchains with strong developer communities working on scalable, real world applications.