The government will issue its own digital encryption currency, but will not replace the current legal tender!
Unless some economies have collapsed, they are trying to revive jinrongzhi by issuing "oil COINS" and "gold COINS".
I heard that in some country, they make a plan to create their own cryptocurrency and they said that this is not the same as the cryptocurrency. they do this just want to learn about what will people react so they can decide about the next step that they need to do. and with their power, I am sure that they can create their own crypto and they will say that their crypto is really good for the people and they will attract people to use their crypto.