The Chinese government intends to introduce the Digital Yuan, Digital Currency to the rest of the world at the 2022 Winter Olympics. It has the same value as paper currency.
China’s digital currency is the Digital Yuan. It was first released in 2014 and it has been operational (at least in test mode) since then.
The Digital Yuan is a fiat currency, not a . The Chinese Central Bank is in charge of it.
The workings of the Digital Yuan are divided into two categories. Expenses and Distribution The Chinese central bank distributes the digital Yuan to Commercial Banks.