Digital yuan giveaway: Chinese residents to get 15M yuan
The Chinese central bank, the People's Bank of China (PBOC), has planned a giveaway of 15 million in digital yuan ($2.2 million) for the citizens as it continues to test the effectiveness of the central bank digital currency (CBDC). The giveaway is the initiative of Shenzhen's Futian district, as per a report from the Global Times.
Digital yuan giveaway details
As per the government of the region, the 15 million yuan worth of digital currency will be separated into 130,000 red packets and will be distributed among winners of a raffle via WeChat payment. Registration for local users will begin on Monday, and the lots will be drawn on Thursday. As per the report, the government plans to benefit local residents as the Omicron situation in the nation worsens.It seems that the government aims to boost the adoption of CBDC in the nation as this is the first time that a large-scale issuance of digital yuan has included all eight pilot banks and a range of sectors, including restaurants and supermarkets. The red packets that the government plans to distribute the 15 million yuan into can be spent across nearly 5,000 stores in the district, with no minimum payment requirement.
As per a statement from the government in early April, there are plans to expand the adoption of digital yuan in several regions, including Guangzhou in South China's Guangdong Province, North China's Tianjin, and Southwest China's Chongqing municipalities.
Not to replace the dollar
In another report, Cryptonary revealed that Zhou Xiaochuan, president of the China Society for Finance and Banking, said that the digital yuan has been created for retail transactions and not to replace the US dollar. The goal of the creation is to reduce the friction between merchants and their customers. "If global financial payment or messaging systems slip into some kind of a Cold War pattern, it will bring damage to everyone," Zhou said.100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
