China is actively pursuing its plans to launch a central bank digital currency (CBDC), with the latest development being the launch of a digital yuan wallet. A report unveiled this news on January 4, noting that the People’s Bank of China (PBoC) rolled out the beta version of the wallet to expand the usage of the digital yuan (e-CNY). At the moment, the app is available in Android and iOS versions. According to the report, the PBoC’s Digital Research Institute developed the wallet. While the application was initially downloadable through private links, this marks the first time it is open...