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Selected Shenzhen residents to get lottery 'red envelopes' with digital yuan

Published 01/04/2021, 06:40 AM
Updated 01/04/2021, 08:20 AM
Selected Shenzhen residents to get lottery 'red envelopes' with digital yuan

Selected Shenzhen residents to get lottery 'red envelopes' with digital yuan

Programs to pilot and encourage widespread adoption of China's central bank digital currency, known as DC/EP or the digital yuan, are continuing apace.

As a New Year's offering, the city of Shenzhen is offering its residents the option to register to take part in a municipal lottery, as of Jan. 1, with registrations closing this morning, Jan. 4, at 10 a.m. local time. Those interested were able to sign up for the lottery using the iShenzhen event registration platform, according to an announcement by the Shenzhen government. The lottery is strictly speaking not a competition but is being settled on a first-come, first-serve basis.

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