G7 statement - Central bank cryptos could complement cash, and have further benefits

Author: Eamonn Sheridan | Category: Cryptocurrency

G7 finance leaders' statement on central bank digital currency (CBDC)and digital payment

  • innovation in digital money and payments can bring significant benefits but raises regulatory issues
  • CBDCcould complement cash, act as liquid, safe settlement asset and anchor for payments system
  • any CBDCshould be grounded in long-standing public commitments to transparency, rule of law and sound economic governance
  • any CBDCmust support and do no harm to ability of central banks to fulfil mandates for monetary and financial stability
  •  CBDCsmust operate in open, transparent and competitive environment that promotes choice and diversity in payment options
  • we recognise shared responsibility to minimise harmful spillovers to international monetary and financial system from cross-border payments via CBDC

Speaking of crypto, BTC update:
G7 finance leaders' statement on central bank digital currency (CBDC)anddigital payment

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