China first to test national cryptocurrency!

Here we go! Russia announced plans for a national cryptocurrency not long ago but it looks like China beat them to it. Would a national crypto's value mirror the fiat? would there be any need for a central bank? brave new world folks! I am interested in what you think.

https://futurism.com/china-becomes-first-countrchina-becomes-first-country-in-the-world-to-test-a-national-cryptocurrencyy-to-test-national-cryptocurrency/