Tags – Only a few days later the departure of Elizabeth Truss, the new British Prime Minister, Rishi Sunak, takes office announcing progress on the issuance of a Digital Central Bank Currency (MNBC), for the 7 largest economic powers in the world.
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An MNBC on paper for the G7 countries
Newly appointed Rishi Sunak did not wait long to confirm his support for the development of a central bank digital currency.
In a video that Bitcoin Magazine has shared on Twitter last October 24, he recalled that earlier this year he had announced the creation of a task force made up of the UK Treasury of the Bank of England for a possible MNBC “as a complement to cash in deposit banks.
But the British Prime Minister intervened above all to announce the publication of a new report on MNBC by the G7, currently chaired by the United Kingdom. This document contains “a set of policy principles for retail digital currencies”.
According to Rishi Sunak, governments and central banks around the world are working together to determine the practical issues involved in issuing and using an MNBC.
The current priorities for these digital currencies would revolve around the reliability and security of transactions, its compatibility with other means of payment, its energy efficiency, and its availability for the general public.
The new Prime Minister finally underlined that the decision or not to launch an MNBC “belongs to each country, and no G7 jurisdiction has yet made this choice ».
The G7 therefore releases its guiding principles for a central bank digital currency, while India plans to mobilize the G20 to develop intergovernmental regulation of cryptocurrencies.
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