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?
Cryptocurrency is going to advance whether people and governments like it or not and the advancement can come from everywhere.
Though Chinese Peoples bank's development is oriented towards replacing other anonymous crypto as the sole payment system but it would again bring new technology and interest as well as adoption of cryptocurrency. Hence, its a good news for cryptocurrency enthusiast and market around the world.