Peoples bank of China is supposedly trailing a crypto form of Chinese Renminbi as a digital currency.
The nodes of which would be controlled by the The People's bank of China and major Chinese bank where transactions would be visible to the authorities but not to the general public.
https://www.coindesk.com/digital-renminbi-a-fiat-coin-to-make-m0-great-againCould we call it a cryptocurrency?
Hmmmm. I think the Chinese are also beginning to lean towards cryptocurrency. If they claim they have banned cryptocurrency as reported in different media, then why are they now planning to use the blockchain with their local currency?