BUSINESS Shanghai to hand out millions in digital-currency envelopes

BUSINESS

Shanghai to hand out millions in digital-currency envelopes

Xinhua

23:03, June 04, 2021

A sign indicating digital yuan, also referred to as e-CNY, is pictured at a shopping mall in Shanghai, China April 21, 2021. Picture taken April 21, 2021. (Photo: Agencies)

SHANGHAI - Shanghai will hand out 19.25 million yuan (about $3 million) in digital currency to consumers in the city through a lottery system, the Information Office of Shanghai Municipality said Friday.

A total of 350,000 digital red envelopes, each containing 55 yuan of digital currency, will be given to lottery winners, the office said on its official WeChat account.

Individual consumers in Shanghai can sign up for the lottery through the official WeChat accounts of the Industrial and Commercial Bank of China Shanghai Branch and the cloud service of the Bank of Communications Shanghai Branch between June 5 and 6.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue