Shaoxing, China, Launches Asian Games-themed Digital Yuan Giveaway – CBDC Showcase Planned

The Chinese city of Shaoxing is planning an Asian Games-themed digital yuan giveaway, as the nation prepares for a major central bank digital currency (CBDC) showcase. China News Network (via East Money) reported that Shaoxing will issue residents with around $5.6 million worth of digital yuan tokens as part of an event named “Welcome to the Asian Games.”... Read More: Shaoxing, China, Launches Asian Games-themed Digital Yuan Giveaway – CBDC Showcase Planned