China is reportedly planning to hasten its plans to issue a national cryptocurrency. China’s central bank, the Peoples’ Bank of China (PBoC), in a recent video conference, observed that it needed to accelerate its plans to issue a state-backed digital currency. The plan is no doubt in response to Facebook’s cryptocurrency plans which have pushed significant economies around the world to rethink their crypto plans. PBoC should consider the current situation According to Jinse, a news outlet: “The meeting requested that we [PBoC] should develop financial technology based on the situation, strengthen follow-up research, ... (full story)