During the Chinese New Year celebrations, the distribution of digital yuan as gifts has been encouraged to stimulate consumer spending. This initiative is part of China's broader strategy to promote the use of its digital currency and enhance economic activity during the festive period. Meanwhile, traditional financial institutions in South Korea and Japan are actively pursuing acquisitions of cryptocurrency exchanges. This move highlights the growing interest and competition in the crypto sector within these countries, as they seek to expand their digital asset offerings and capitalize on the increasing demand for cryptocurrencies.