China’s digital currency trial returns to Shenzhen for Round 2, with twice the participants and double the payout

Shenzhen, China’s technological hub, will start its second trial of the nation’s digital currency this week, giving away virtual gift packets to its citizens as the nation steps up its testing efforts in a bid to launch the world’s first sovereign digital currency.The Shenzhen government said it will give away 20 million yuan (US$3.1 million) via “red packets” – gift envelopes traditionally given out during holidays and special occasions – to residents of Shenzhen’s Futian district via a…

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