As per recent reports, Shenzhen, Guangzhou, and Xiong’an New Area made official announcements that they are issuing free digital yuan “red pockets.” The primary reason behind the free giveaway is to boost local consumption amid the slow growth of China’s economy fueled by mass COVID lockdowns. Free distribution of digital yuan According to the announcement, […]The post Several regions in China are distributing free digital yuan to accelerate the economy appeared first on Blockchain, Crypto and Stock News.
