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China, Hong Kong, Thailand, and UAE Trial Cross-Border Transactions With Digital Currencies

Post author:MiamiCrypto
Post published:September 29, 2022
Post category:BIS CBDC CBDCs Central Banks China cross border Digital Currencies Digital Currency Digital Yuan Finance Hong Kong international trade monetary authorities Payments Settlements Thailand trade UAE

The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were…

G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies

Post author:MiamiCrypto
Post published:October 15, 2021
Post category:CBDC CBDCs central bankers Central Banks COIN Coins Digital Currencies Digital Currency Finance finance ministers financial stability Forum g7 Group of Seven guidelines meeting monetary authorities monetary stability principles public policy Regulators rules state-issued statement

Any digital currency issued by a central bank must support financial and monetary stability, finance leaders from G7 member states have insisted. State-issued coins should also ensure privacy, transparency, and…