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China is giving away digital central bank currency to the people

News Snapshot:

China is more advanced than any other country in the world in implementing its central bank digital currency (CBDC), the e-yuan. The Chinese central bank is currently undertaking the People’s Bank of Chinafurther measures to bring the digital currency closer to the population. one report the Chinese newspaper Global Times According to the report, citizens of a selected district of the megacity Shenzhen are to receive a total of 15 million yuan in digital form (around 2.2 million euros) for free on April 29th. The Times describes the giveaway as the “latest step in spurring consumption amid the new wave…

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