WASHINGTON : G7 finance officials on Wednesday endorsed 13 public policy principles for central bank digital currencies, saying such currencies should be grounded in transparency, the rule of law and sound economic governance, the Treasury Department said.
"Innovation in digital money and payments has the potential to bring significant benefits but also raises considerable public policy and regulatory issues," Group of Seven finance ministers and central bankers said in a joint statement. "Strong international coordination and cooperation on these issues helps to ensure that public and private sector innovation will deliver domestic and cross-border benefits while being safe for users and the wider financial system."
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G7 finance leaders lay out guidelines for central bank digital currenciesGroup of Seven advanced economies said on Wednesday that any digital currency issued by a central bank must 'support and do no harm' to the bank's ability to fulfill its mandate on monetary and financial stability, and must also meet rigorous standards.If issued, a central bank digital currency (CBDC) wou
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G7 finance leaders lay out guidelines for central bank digital currenciesGroup of Seven advanced economies said on Wednesday that any digital currency issued by a central bank must 'support and do no harm' to the bank's ability to fulfill its mandate on monetary and financial stability, and must also meet rigorous standards.If issued, a central bank digital currency (CBDC) wou
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China launches anti-graft campaign in finance sector by inspecting banking regulatorBEIJING : China's top anti-graft watchdog has kicked off a roughly two-month inspection of the country's banking and insurance regulator, as part of a broader campaign to weed out corrupt Communist Party officials in the financial sector. The Central Commission for Discipline Inspection (CCDI) is deployin
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