The second phase of China's digital currency public beta will begin in May, with state employees receiving the digital Yuan as part of their salaries.
China's Digital Yuan Research has been delayed due to the Coronavirus Outbreak. The Chinese digital yuan is expected to debut later this year.
Japan might be the latest nation in line planning to launch its own cryptocurrency. The move comes after China's announcement of digital yuan.
China's digital currency approach will favor international payments and the national retail system, said a former senior official.
China launches a Central Bank Cryptocurrency DCEP and takes the lead in the crypto space. The People's Bank of China plans were confirmed today in a speech.