Chinese state-run bank launches, then disables, digital yuan wallet

Digital yuan

An ‘electronic wallet’ for China’s central bank digital currency was temporarily available via the mobile app for China Construction Bank, one of the five biggest state-owned commercial banks in the country.

The feature went live on August 29, but was disabled by China Construction Bank on the same day. It remains unclear whether the e-wallet was released by mistake, or as a form of soft launch.

While users can no longer access the function, the incident has revealed more information on the

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