Chinese President Xi Jinping urges G20 leaders to set up ground rules for CBDC.

Chinese President Xi has called on G20 leaders to set up the groundwork for central digital currencies adoption by developing standards and principles. He believes this will allow these countries to handle the risks and challenges that come with the adoption of CBDCs. China’s President was speaking during the 15th meeting of the G20 countries held in Riyadh, Saudi Arabia. He told the summit that the G20 has a crucial role in the post-pandemic rebuild, suggesting several measures he believes can help achieve this.
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