The IMF, G20 and BIS Gear Up for the Central Bank Digital Currency Era

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New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving.

Today on the Brief:

  • Is the “blue wave” Democrat victory narrative in the presidential election starting to shake up Wall Street? 
  • Johnson & Johnson pause COVID-19 vaccine trial 
  • 1000 Satoshi-era bitcoins are on the move 

Our main discussion: The world’s central banks are moving quickly on digital currencies. NLW looks at a slew of recent news showing how much of a priority CBDCs are becoming:

  • A report from the Bank for International Settlements and seven other central banks setting design principles for CBDCs
  • A G20 regulatory standards framework 
  • A forthcoming OECD tax reporting framework 

One need only look at the increasingly speedy rollout of China’s DCEP to understand why this has become a major priority for central banks everywhere. 

Disclosure

https://www.coindesk.com/imf-g20-bis-cbdc-era

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