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?
We are going to see the increased tokenization of assets, and currently most fiat currencies are digital or virtual, as when we use debit and credit cards. The centralized nature of the Renminbi keeps it from being a true cryptocurrency.