Group 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.
But the currencies must be issued in a way that do not infringe upon the central banks' mandates, and meet rigorous standards of privacy, transparency and accountability for protection of user data, they said. While CBDCs could enhance cross-border payments, the G7 nations said they have a"shared responsibility to minimize harmful spillovers to the international monetary and financial system."
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European business group says China power cuts poorly communicatedSHANGHAI : China's power shortages will likely force some European companies operating there to delay orders and some firms are unhappy about how authorities notify them about power cuts, a European business group said on Wednesday.'Many members think they have to delay their orders, their customers are u Allah's Punishment can only be repelled by turning back to Him and invoking for His Mercy. Muslims need to turn away from their sinful ways and return back to Their Lord.Learn more at or search ‘Muhammad Qasim Dreams’ China have alot of internal problems recently so they HuXijin_GT is lashing out and creating external problem to distract the chinese from internal problems in china. Floods, power failure, market crashes and etc.
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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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