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World Economic Forum Creates Framework For Central Bank Digital Currency

Roland James

Summary: The World Economic Forum (WEF) along with some of the world’s major central banks have created a central bank digital currency (CBDC) policymaker toolkit. According to an announcement on Jan. 22, the toolkit is an attempt at aiding policy-makers in understanding whether deploying a CBDC would be advantageous and guide them through its design. To ...

The World Economic Forum (WEF) along with some of the world’s major central banks have created a central bank digital currency (CBDC) policymaker toolkit.

According to an announcement on Jan. 22, the toolkit is an attempt at aiding policy-makers in understanding whether deploying a CBDC would be advantageous and guide them through its design.

To build the framework the WEF collaborated with central bank researchers, international organizations, regulators and experts from more than 40 institutions.

By Roland James

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