Autonomous Vehicle News
ReutersChina's capital Beijing will launch a lottery in June giving out free online wallets containing 200 digital yuan ($31.34) to winners, in another trial for the central bank's eCNY, according to a notice on the city's government website. The "red envelopes" - a reference to China’s traditional way of gifting cash - will be distributed to 200,000 lottery winners, who must download an app to use their prizes at designated merchants around the capital, according to the notice. China is a front-runner in the global race to launch central bank digital currencies (CBDC) and has held trials in several major cities including Shenzhen and Shanghai.