For subscribers
News analysis
China accelerates the roll-out of its digital currency amid hype, concerns
Sign up now: Get insights on Asia's fast-moving developments
The Chinese government and analysts expect the e-yuan to be used mostly in the local retail, tourism and banking sectors.
PHOTO: REUTERS
BEIJING - Trials of China's digital currency revved up in Beijing last month, with the government forking out 40 million yuan (S$8.3 million) in a lottery for residents to try out the e-yuan.
Each of the 200,000 lucky winners received 200 e-yuan in a mobile wallet, similar to an earlier roll-out during Chinese New Year in February that saw 50,000 winners in the Chinese capital.
