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China plans to hand out $1.5 million in a digital currency test during the Lunar New Year

PUBLISHED MON, FEB 8 202112:16 AM EST

https://www.cnbc.com/2021/02/08/china-to-hand-out-1point5-million-in-lunar-new-year-digital-currency-test.html

China’s capital city will hand out about $1.5 million in a limited trial of the central bank’s digital currency, the municipal government announced over the weekend.
The total of 10 million yuan will be distributed through about 50,000 packets of 200 yuan, or about $30, each.
This marks the third major test of the digital currency under development by the People’s Bank of China.