Post #202 Digital payments (crypto-currencies) almost ready by G7
Steven Mnuchin is the Secretary of the Treasury USA.
The G7 Finance Ministers and Central Bank Governors issued a statement on digital payments:
“The widespread adoption of digital payments has the potential to address frictions in existing payment systems by improving access to financial services, reducing inefficiencies, and lowering costs.”
“G7 authorities are exploring the opportunities and risks associated with central bank digital currencies (CBDCs)”
“G7 underscores the importance of the G20 agenda to enhance the efficiency of cross-border payments and to address regulatory and public policy issues arising from global stablecoins”
“G7 continues to maintain that no global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements through appropriate design and by adhering to applicable standards.”
