Aaaaand, it's gone (southpark)
So if you have Chinese E currency, and the China Gov decides they don't like you for any reason, can they just make you broke with a key stroke?
I think this is really being done to prevent "private" financial transactions all together.
Also read today that Chinese people are discouraged from buying precious metals very recently. The new E-currency has scared people into buying so much they rocketed the price of gold. Crazy world we live in.