Four Chinese financial departments and regulatory agencies have vowed to steadily promote the establishment and development of legal standards for a digital currency, according to a statement from the country's central bank on Tuesday. The People's Bank of China (PBC), the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, and China Securities Regulatory Commission jointly issued a development plan targeting standardizing the finance sector during the 14th Five-Year Plan period (2021-25). The plan places a strong focus on legalizing the digital currency, aiming to come ... (full story)