The largest test of Chinese CBDC ended with 8.8 million yuan (US$1.3 million) being spent in over 62,000 transactions during the week-long trial in Shenzhen. According to the South China Morning Post report, the Shenzhen government confirmed 47,573 people from the 50,000 selected by lottery received the digital ‘red packets,’ each containing 200 yuan (US$30), […]