BREAKDOWN: 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.

This episode is sponsored by Crypto.com, Nexo.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. 

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