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Central banks' digital currencies must not harm their monetary mission - and must complement cash, G7 finance leaders say

13 days ago   |   By Business Insider

G7 foreign ministers.
Ben Stansall/POOL/AFP via Getty Images
Central banks' digital currencies must support and "do no harm" to their monetary mission, G7 finance leaders said.
If issued, CBDCs would coexist with cash and must contribute to a secure financial ecosystem, they said Wednesday.
These currencies should meet rigorous standards of privacy and be energy-efficient, they added.
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Central bank digital currencies must support and "do no harm" to a bank's ability to implement their mission for monetary and...
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