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Digital Yuan - Digital Yuan Vs Bitcoin - Here�s What Billionaires Say - Yuan Pay Group1 CNY = BTC Feb 11, UTC Check the currency rates against all the world currencies here. The currency converter below is easy to use and. Central bank digital currencies share little with cryptocurrencies. China's digital yuan was seen as a response to Facebook's cryptocurrency. Unlike a cryptocurrency like Bitcoin, the digital yuan is issued directly by China's central bank and does not depend on a blockchain.