China is giving away US$4.5 million in e-yuan to residents

The Chinese Intelligence Service Shenzhen Securities News reported that the equivalent of about $ 4.5 million in red envelopes through the shopping platform Meituan to be given out in a kind of lottery. With the digital central bank currency, it should be possible to pay at over 15,000 merchants. The goal of the raffle is to boost the economy hit hard by the pandemic.

However, critics see the Chinese digital central bank currency as a threat to the privacy of its users. So you pay a certain price for the gift of money.

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