{"id":35292,"date":"2021-01-25T13:52:11","date_gmt":"2021-01-25T11:52:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35292"},"modified":"2025-08-29T00:39:09","modified_gmt":"2025-08-28T21:39:09","slug":"another-chinese-city-to-distribute-digital-yuan","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/another-chinese-city-to-distribute-digital-yuan\/","title":{"rendered":"Another Chinese city to distribute digital yuan"},"content":{"rendered":"

On 27 January, authorities in Chengdu, Sichuan, will distribute 30 million digital yuan to residents (~$4.6 million). The Block reports, citing local media.<\/p>\n

<\/p>\n

JD.com will also receive 20 million yuan ($3.1 million). In December 2020, the company already participated in the experiment \u2014 within a day after it began, customers conducted on the site almost 20,000 transactions<\/a> in the national digital currency (DCEP).<\/p>\n

Winners of the red envelopes lottery in Chengdu must spend the prize from 4 to 26 February 2021.<\/p>\n

Earlier, mass testing of the digital yuan<\/a> occurred in Shenzhen. During the second test, DCEP residents performed almost 140,000 transactions<\/a> totaling 18.22 million yuan (~$2.8 million).<\/p>\n

In January 2021, third phase of trials<\/a> began. In the same month, Beijing and Shanghai announced plans to support DCEP testing<\/a>.<\/p>\n

Earlier, an experiment distributing 100,000 \u2018red envelopes\u2019<\/a> took place in Suzhou.<\/p>\n

Subscribe to ForkLog news on VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

On 27 January, authorities in Chengdu, Sichuan, will distribute 30 million digital yuan to residents (~$4.6 million). The Block reports, citing local media.<\/p>\n","protected":false},"author":1,"featured_media":35293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,133,1369],"class_list":["post-35292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-china","tag-yuan"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35292"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35292\/revisions"}],"predecessor-version":[{"id":35294,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35292\/revisions\/35294"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35293"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}