China's digital yuan trial push hastens Asia e-currency race

China's digital yuan trial push hastens Asia e-currency race

REUTERS/Kim Kyung-Hoon

The specter of COVID-19 looms over China’s ongoing Lunar New Year holidays. The government discouraged the usual stampede of travelers heading home for family reunions. Businesses fear for their bottom lines. But 50,000 Beijingers received a small pick-me-up: 200 yuan ($31) in digital “red envelopes” they can use for shopping online or offline.

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