China’s President Xi Jinping censured G20 meeting attendees this week that the group of the world’s largest developed economies should be open to chief bank digital currencies (CBDCs) when developing standards for them.
In a wide-ranging speech that addressed the unborn of the global economy in the wake of the COVID-19 pandemic, Xi said that the G20 “needs to discuss developing standards and guides for central bank digital currencies with an open and accommodating attitude.”