14 Oct
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:
