China crypto coin

How to buy Yuan Chain Coin

The digital yuan or e-CNY is a digital version of China’s sovereign currency and has been in the works since 2014. It is not a cryptocurrency like bitcoin but is instead issued and controlled by the People’s Bank of China .

Also known as the e-CNY, it’s designed to replace the cash and coins already in circulation. It is not a cryptocurrency like bitcoin , in part because it’s controlled and issued by the central bank.