Residents Of China Will Get 15 Million Digital Yuan As Part Of The Government's CBDC Giveaway?!

On April 29, the Futian district of Shenzhen announced that 15 million yuan ($2.27 million) in digital RMB will be distributed to locals. All eight pilot banks, as well as companies ranging from restaurants to supermarkets, have issued digital yuan for the first time. Customers may spend the red packets at any of the district's almost 5,000 businesses without making a minimum purchase.