Bitcoin
$44,547.07+2.07%
Ethereum
$3,108.54+1.31%
XRP
$0.988949-0.68%
Cardano
$2.31+2.83%
Polkadot
$32.41+3.54%
Stellar
$0.301285+3.27%
Dogecoin
$0.223833-0.15%
Chainlink
$24.98+3.05%
Uniswap
$21.18-0.98%
Algorand
$1.96+7.31%
Polygon
$1.20-0.78%
Cosmos
$41.26+2.48%
Litecoin
$162.35+1.39%
Bitcoin Cash
$545.15+0.38%
Wrapped Bitcoin
$44,564.11+2.14%
Filecoin
$73.52-1.65%
The Graph
$0.783580+6.52%
Tron
$0.097597-0.86%
Ethereum Classic
$50.49-0.94%
Tezos
$6.33+10.42%
Aave
$302.35+0.79%
Monero
$245.78-0.48%
NEO
$43.15+0.94%
EOS
$4.30+0.04%
IOTA
$1.36+0.25%
BitTorrent
$0.003475-0.32%
Bitcoin SV
$145.31-0.70%
Waves
$24.50-0.73%
Maker
$2,453.15-2.53%
Dash
$180.74+2.67%
Decentraland
$0.747824+2.35%
Decred
$119.40+1.46%
ICON
$1.68+1.32%
NEM
$0.160440+0.81%
Zcash
$120.86+0.14%
OmiseGO
$9.56-1.09%
Paxos Standard
$1.00+0.10%
NuCypher
$0.296000+2.12%
Yearn Finance
$30,742.67+1.04%
Qtum
$10.68-1.07%
Bitcoin Gold
$55.74-0.14%
Basic Attention Token
$0.696198+0.90%
Ren
$1.00+22.26%
0x
$0.975742+1.35%
Fetch.ai
$0.815543+7.98%
Kava.io
$6.03+7.35%
Bancor
$3.66+1.82%
Band Protocol
$8.08+3.84%
Siacoin
$0.016099+0.71%
Nano
$5.06+2.43%
Loopring
$0.405095-0.87%
Storj
$1.17+1.86%
Civic
$0.495697+15.93%
Numeraire
$42.45+2.05%
Lisk
$3.10-0.01%
Orchid
$0.347297+0.27%
PAX Gold
$1,759.04-0.54%
Enzyme
$142.21-10.61%
Augur
$22.08-2.70%
Aragon
$5.06-1.03%
district0x
$0.160293+3.18%
Kyber Network
$1.55+0.08%
SingularDTV
$0.001375-0.65%
Tether
$1.00+0.04%
USD Coin
$1.00+0.04%
Dai
$1.00+0.01%

China to Hold Beijing Lottery for CBDC Trial

The lottery will award 200,000 winners about $31 in digital yuan.

Jun 2, 2021 at 8:10 a.m. UTC
Updated Sep 14, 2021 at 1:04 p.m. UTC

China will hold a third lottery to trial its central bank digital currency (CBDC), giving out free wallets containing a total of over $6 million in digital yuan.

  • The lottery will take place in Beijing this month, making it the third city to trial the CBDC, known as eCNY.
  • There will be 200,000 winners, each given 200 digital yuan ($31), Reuters reported Wednesday.
  • The winners will need to download an app to receive and spend their winnings at designated retailers around the city.
  • Beijing residents have until June 6 to enter, with winners to be announced a few days later.
  • This trial follows similar lotteries in Shenzhen and Suzhou in recent months as the country steps up development of what would be the world's first CBDC by a major economy.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...