Chinese city Shenzhen is giving away 20 million yuan in the next pilot project.

Read full article at Coinnounce.

The Shenzhen government announced on New Year’s Eve that it would give away 100,000 red packets via a lottery to local residents, with each packet worth 200 digital yuan, or $30. According to the announcement, Lottery-winners will be able to spend the digital yuan between January 7 and January 17 among over 10,000 shops, restaurants, and supermarkets […]

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