A recent meeting was held in Niigata, Japan, by G7 committee members. The members gathered to talk about, among other things, the legal and financial repercussions of CBDCs and digital asset transfers. In a statement that summarized the deliberations, the committee emphasized its support for the creation of CBDCs, with the proviso that more research was required to make sure they were based on openness, data protection, cybersecurity and good economic governance.

In the statement, the committee expressed appreciation for the International Monetary Fund’s (IMF) efforts to create a CBDC Handbook and expressed anticipation for the first batch of deliverables to be released by the 2023 IMF and World Bank Group Annual Meetings, which are scheduled to take place in…

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