The digital yuan, known officially as the Digital Currency Electronic Payment (DCEP), is part of China’s plan to move towards a cashless society. Photo: Bloomberg The digital yuan, known officially as the Digital Currency Electronic Payment (DCEP), is part of China’s plan to move towards a cashless society. Photo: Bloomberg
The digital yuan, known officially as the Digital Currency Electronic Payment (DCEP), is part of China’s plan to move towards a cashless society. Photo: Bloomberg

China digital currency: Beijing, Suzhou confirm latest trials as e-yuan tests top 100 million yuan

  • Beijing will distribute digital red packets each worth 200 yuan (US$31) via a lucky draw on Wednesday ahead of the Chinese New Year holiday
  • Suzhou will also distribute 30 million yuan from Wednesday as part of its second trial of the so-called e-yuan

Topic |   China digital currency
The digital yuan, known officially as the Digital Currency Electronic Payment (DCEP), is part of China’s plan to move towards a cashless society. Photo: Bloomberg The digital yuan, known officially as the Digital Currency Electronic Payment (DCEP), is part of China’s plan to move towards a cashless society. Photo: Bloomberg
The digital yuan, known officially as the Digital Currency Electronic Payment (DCEP), is part of China’s plan to move towards a cashless society. Photo: Bloomberg
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