��TradingView: https://bit.ly/30wUpds
⚠️Webull: 5 x Free Stocks: https://a.webull.com/i/BusinessBasics

Investing For Beginners | Learn Investing (Free Course)
https://youtu.be/GCg7joUeU-k

Passive Income: How To Retire Early Through Passive Income!
https://youtu.be/LyF89paHkSM

How you can focus like Warren Buffett? (2020)
https://youtu.be/TLAJkTHfMSo

some links above are affiliate links

China is Crashing: New Digital Yuan Crashing With it

DISCLAIMER: All of my strategies, and news coverage are based on my own opinions alone and are only done for entertainment purposes. If you are watching my videos, please Don’t take any of this content as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.

China debuted digital currency in late 2019 in 17 provincial-level regions. And according to data from the country’s central bank, China circulated about 2 billion U.S. dollars-worth of e-yuan last year.

__________________
ShanghaiEye focuses on producing top-quality contents.
Nobody knows SHANGHAI better than us.
Please subscribe to us ☻☻☻
__________________
For more stories, please click

■ What’s up today in Shanghai, the most updated news of the city
https://www.youtube.com/playlist?list=PLeyl7CQ2A5MNjpE4hspSVry8dR555getN

■ Amazing Shanghai, exploring the unknown corners of the city, learning the people, food and stories behind them
https://www.youtube.com/playlist?list=PLeyl7CQ2A5MMVTWr-zIXjsS4hhSQPmyes

■ What Chinese people’s lives are like during the post COVID-19 period
https://www.youtube.com/playlist?list=PLeyl7CQ2A5MPrPTmIirpfgETu6VKVESXe

■ Views of foreign scholars on China and its affairs
https://www.youtube.com/playlist?list=PLeyl7CQ2A5MO9ua_nSK6slRPdUl-ovjRe

■ Foreign faces in Shanghai, people living in this city sharing their true feelings
https://www.youtube.com/playlist?list=PLeyl7CQ2A5MP0vJDSw23_1MCPJhAfGbiG

■ Mini-docs showing why China is the country it is today
https://www.youtube.com/playlist?list=PLeyl7CQ2A5MOreRu2AbZ3ziIUyCcdBLwX

__________________
☎Leave us messages if you have any suggestions or questions!
Thank you!

The city of Changzhou, China, is set to give away $700,000 worth of digital yuan tokens and coupons before the year is out, as the nation’s central bank digital currency (CBDC) pilot continues.

Per Changzhou Evening News (via JSChina), the city is hoping to boost CBDC spending during an upcoming citywide shopping festival by distributing e-CNY in “lucky red [digital] envelopes.”

Red is a symbol of good fortune in China.

In the offline world, companies and older relatives traditionally give cash-filled red envelopes to their employees and younger relatives during public holidays.

Changzhou began distributing digital red envelopes in June.

But is now preparing for a “second round” of giveaways in the days ahead, with a total of around $700,000 worth of coins to be given away in the city before the end of 2023.

The latest batch of giveaways will see coupons distributed that either provide 30 yuan ($4.30) discounts for purchases worth up to 100 yuan ($14) or 50 yuan ($7) for 200 yuan ($28) purchases.

The tokens will be issued via a lucky draw.

And residents have been asked to register their interest via the My Changzhou app, a piece of software developed by the city’s government.

China’s CBDC: Adoption Efforts Continue.

The event will run from July 16 to July 20, the city stated, and some 10,000 residents will receive digital yuan tokens and coupons from July 21.

As has been the case with similar giveaways elsewhere, the tokens will have an expiry date.

Residents will need to use the coupons by August 10 in order to enjoy their discounts.

Residents will also need to open personal digital yuan wallets to take part in the event.

The city stated that several of its biggest shopping centers now accept payments in the CBDC, including the Changzhou New Century Mall, theme parks, supermarket chains, and department stores.

Earlier this month, the central bank unveiled a SIM card-based CBDC wallet solution that can be used when phones are powered down.

And the Chinese branch of the bank DBS stated this month that it had launched a merchant collection service for its corporate clients.

https://cryptonews.com/news/chinas-changzhou-give-away-digital-yuan-tokens-coupons-worth-700k.htm

#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #china #chinanews #chinanewstoday #digitalyuan #digitalyuannews #crypto
***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple

Welcome to another episode of Cryptex Crypto News! Today we dive deep into the world of digital currencies, with a spotlight on China’s Digital Yuan (e-CNY). China’s Central Bank Digital Currency (CBDC) is transforming the financial world, and we’re here to guide you through it.

In this video, we explore the China Securities Regulatory Commission (CSRC)’s approval of the first application scenario for the digital yuan in the securities market. Discover what this means for investors, the implications for securities trading, and the broader impact on financial products in China.

But the influence of the Digital Yuan doesn’t stop there. We’ll also explore its integration into everyday life, from replacing ID smart cards in Chengdu’s IT hub to the adoption in universities across the pilot zone.

Join us as we delve into:

The perks and benefits of digital currency transactions
The prospect of placing orders 24/7
The creation of ‘uncopyable’ investment smart contracts
The transparency and traceability of the digital yuan
Stay ahead of the crypto game with Cryptex. We break down complex crypto news into easy-to-understand information that benefits investors, crypto enthusiasts, and even curious newcomers.

So, don’t forget to hit that like button, share with your fellow crypto-enthusiasts, and subscribe to our channel for your daily dose of Cryptocurrency News. This is Cryptex, your trusted source for all things crypto!