China to launch 30 million digital yuan airdrop
Shenzhen Municipal People's Government and Chinese banks are ready to distribute 4.5 million "red envelopes" with different amounts of money to support the economy after the lockdown.
Less than a decade ago, China actively opposed all types of cryptocurrencies and their mining. Even today, Chinese President Xi Jinping mentioned blockchain technology in his speech and called for accelerating the development of other core technologies in this area. Somewhat later, the Chinese media reported testing a new Chinese cryptocurrency that could challenge the global dominance of the U.S. dollar.
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