http://www.lawfareblog.com/china-making-smart-money
The eCNY is still in the pilot stage, but the pilot has advanced to a
product design and implementation strategy for China’s entire financial
sector. Earlier this year, the CCP was giving randomly selected citizens
small amounts of free eCNY to spend with merchants online or via smartphone
wallets in pilot disbursals facilitated through a handful of state-owned
banks in a few large cities.
