China – which is not part of the G7 – has accelerated its push for the digital yuan this year, rolling out more trials in cities including Shenzhen, Beijing, Shanghai and Chengdu. Photo: Reuters China – which is not part of the G7 – has accelerated its push for the digital yuan this year, rolling out more trials in cities including Shenzhen, Beijing, Shanghai and Chengdu. Photo: Reuters
China – which is not part of the G7 – has accelerated its push for the digital yuan this year, rolling out more trials in cities including Shenzhen, Beijing, Shanghai and Chengdu. Photo: Reuters

G7 finance officials say CBDCs should support, ‘do no harm’ to monetary and financial stability

  • G7 officials said central bank digital currencies (CBDCs) would complement cash and could act as a liquid, safe settlement asset and an anchor for the payments system
  • They also stressed the importance of privacy standards, cybersecurity, the need to protect users’ data and transparency on how information will be secured and used

Topic |   Digital currencies
China – which is not part of the G7 – has accelerated its push for the digital yuan this year, rolling out more trials in cities including Shenzhen, Beijing, Shanghai and Chengdu. Photo: Reuters China – which is not part of the G7 – has accelerated its push for the digital yuan this year, rolling out more trials in cities including Shenzhen, Beijing, Shanghai and Chengdu. Photo: Reuters
China – which is not part of the G7 – has accelerated its push for the digital yuan this year, rolling out more trials in cities including Shenzhen, Beijing, Shanghai and Chengdu. Photo: Reuters
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