The airdrop is a joint effort with Meituan Dianping, one of China's leading food delivery apps, according to a statement from Shenzhen authorities.
U.S. senators have proposed a bill that will prohibit application stores like Google and Apple from hosting apps supporting digital yuan as a payment method.
The country is now testing the digital yuan—e-CNY—for use in payments of tax, stamp duty, and social security premiums with Zhejiang, a province in Eastern China, pioneering the effort.
An unknown user of NFT China marketplace has reportedly minted a copyrighted artwork of Ma Qianli, which features a cartoon tiger receiving a vaccine shot, according to local media outlets.
The U.S. dollar makes up 51% of central bank reserves, while the CNY only takes up 2%. Also, the U.S. dollar is involved in 88% of global FX transactions, a figure that remained stable for 20 years.
Four state-owned banks issued a new batch of digital yuan coupons in Beijing, which officials said can be used for deliveries, supermarkets, laundries, bookstores, and even public transportation.
An e-CNY enterprise zone is to be launched by the Municipal Administrative Center of Beijing to explore the digital renminbi financial system in Beijing.