More than 2.6 million users signed up for the City of Shenzhen’s digital yuan airdrop
The city has about 18 million residents in its prefecture-level area.
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City of Shenzhen airdrops 30M in free digital yuan to stimulate consumer spending
The move comes as part of a government effort-led to revitalize consumer spending as a zero-COVID policy has devastated the countries' economic hubs.
People’s Bank of China Targets Crypto Companies in Shenzhen Crackdown
The Shenzhen office of the People’s Bank of China (PBOC) has reportedly set out to correct the business activities of about a dozen companies allegedly engaged in cryptocurrency transactions. According…