China’s national digital currency (DCEP) will be issued to local government employees in the city of Suzhou in May, a local news outlet reported on Thursday.
Citing an official document, China Star Market said that Suzhou municipal government employees would receive 50% of their May transportation subsidies in DCEP. The digital currency will be issued to them by four state-owned banks, including the Agricultural Bank of China, the Industrial and Commercial Bank of China, the Bank of China, and the China Construction Bank.
Continue read: https://finance.yahoo.com/news/chinese-local-government-employees-receive-054506809.html
