The digital Yuan is almost a fact

[MrSpasybo]

To me, China's digital Yuan is not cryptocurrency because it doesn't work on blockchain technology. It was born to increase the degree of government control over the money, especially in relation to the overseas financial flow of the wealthy in China.
However, I am quite excited about their test, heard that they are conducting an airdrop of $1.5M to conduct testnet in 6 days

[Jaguar]

China is competitive in all industry as long as they can. From agriculture, semiconductor, technology, warships, weapons etc. Now they are trying to adopt Yuan into digital aspect where could make them popular and possible to have more support from Chinese national and foreigners who use and interested.

[Rain075]

The digital yuan is not a prime factor in cryptocurrency industry. I think their will be no compitator as bitcoin.

[Alcor]

The digital yuan is not a prime factor in cryptocurrency industry. I think their will be no compitator as bitcoin.

It's just that the digital yuan may soon become one of the most popular means of payment, first in the Asian region and then around the world. In this regard, cryptocurrency can be used even less as a means of payment and this can become a chronic problem for it. Do not underestimate and be frivolous about the digitized currencies of states, especially the digitized yuan.