China gives away $4.5 million in E-yuan to residents

The Chinese intelligence service Shenzhen Securities News reportthat the equivalent of about 4.5 million US dollars in red envelopes via the shopping platform Meituan should be spent in a kind of lottery. With the digital central bank currency, it should be possible to pay at over 15,000 merchants. The aim of the raffle is to drive the economy, which has been hit hard by the pandemic.

However, critics see the Chinese central bank digital currency as a threat to the privacy of its users. So you pay a certain price for the gift of money.

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