Is digital yuan a cryptocurrency?

How to buy DCEP? Currently DCEP is only available to other banks working with the People’s Bank of China . This will eventually open up to the general public in 2020. There are currently no cryptocurrency exchanges that trade DCEP.

Digital currencies use blockchain as well , but they operate with a centralised authority and require user identification. The DCEP features “controllable anonymity” that is tracked and requires users to download and register to an app on their smartphone.8 Eyl 2021