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

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

By Nathaniel WhittemoreCoinDesk Insights
Oct 13, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 10:08 a.m. UTC
By Nathaniel WhittemoreCoinDesk Insights
Oct 13, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 10:08 a.m. UTC

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

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublicaiHeartRadio or RSS.

This episode is sponsored by Crypto.comNexo.io and Elliptic.

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. 

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublicaiHeartRadio or RSS.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
Coinbase Expands Features, Allowing Some App Users to Access Ethereum-Based Dapps

The move will let Coinbase users purchase NFTs, trade on decentralized exchanges and borrow and lend on various DeFi platforms.

The move will let Coinbase users purchase NFTs, trade on decentralized exchanges and borrow and lend on various DeFi platforms.

2
S&P Global Ratings Forms DeFi Group to Build Out Crypto Framework

The credit rating giant named Charles "Chuck" Mounts as chief DeFi officer to lead the unit.

The credit rating giant named Charles "Chuck" Mounts as chief DeFi officer to lead the unit.

3
What Happened to the Luna Foundation Guard’s Bitcoin Billions?

The community is getting louder about wanting answers to this lingering question.

The community is getting louder about wanting answers to this lingering question.

4
Stronghold Digital Beats Q1 Revenue Estimates, but Misses on Earnings

Shares of the bitcoin miner that uses waste coal for energy fell slightly in after-hours trading.

Shares of the bitcoin miner that uses waste coal for energy fell slightly in after-hours trading.