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.

AccessTimeIconOct 13, 2020 at 7:00 p.m. UTC
Updated Aug 19, 2021 at 4:58 a.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

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.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • 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.

    Disclosure

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

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.