In a wide-ranging speech, Xi said that the G20 group “needs to discuss developing standards and principles for central bank digital currencies.”
While there is an unclear future for digital currency development under Joe Biden’s presidency, China is leading the race.
New and developing research from the International Monetary Fund suggests that central banks around the world need new legal definitions for tokenized currencies.
Central bank digital currencies can have broad implications for the global balance of power, experts say.
The chief fintech officer at Singapore’s central bank told Cointelegraph about his thoughts about Singapore’s wholesale CBDC.
Crypto-friendly regulation may be in the eye of the beholder.
Privacy should be a key talking point from the beginning of CBDC development.
BIS Innovation Hub head Benoît Cœuré stressed the importance of maintaining multiple payment options beyond just CBDCs.
“At that point in time we will make the decision as to whether or not we go forward with the digital euro.”
ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance.