The leaders also said they supported the work of the G20’s Financial Stability Board (FSB), which today called for international standard setting for digital coins to be completed by December 2021. (The Logic)
Talking point: By December 2021, a number of countries could have digital coins in widespread use. China’s digital yuan is already being piloted; Japan said last week it would start testing in 2021; and earlier this month, the European Central Bank said it would start experimenting with a digital euro. The FSB’s proposed timeline works comes four days after seven central banks, including the Bank of Canada, released a report outlining what they’re looking for in digital currencies.
