G7 finance leaders lay out pointers for central financial institution digital currencies

Group of Seven superior economies mentioned on Wednesday that any digital foreign money issued by a central financial institution should “assist and do no hurt” to the financial institution’s capacity to meet its mandate on financial and monetary stability, and should additionally meet rigorous requirements.

If issued, a central financial institution digital foreign money (CBDC) would complement money and will act as a liquid, secure settlement asset and an anchor for the funds system, the G7 nations mentioned after their assembly on Wednesday.

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