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China’s digital currency lessons and the impact of stablecoins

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China’s digital currency lessons and the impact of stablecoins

Monday 7 June 2021 – Vol.12 Ed.23.1

Commentary: China’s digital currency lead provides lessons for others

By Jianggan Li in Singapore

China has overtaken many more advanced economies in adopting digital payments. It has many advantages that put it in a much better position to successfully launch a digital currency. When digital currency is talked about, the attitude is one of curiosity rather than debate. This is an approach others should embrace. There are lessons to be learnt for other countries rolling out their own central bank digital currency.

Read the full commentary on the website.

Meeting: Stablecoins and the international monetary system

Thursday 10 June, 14:00-15:00 BST

Stablecoins can promote financial inclusion and improve efficiencies in payment systems. They also raise questions about the future of the international monetary system. Brent McIntosh, adjunct senior fellow for international economics and finance at the US Council on Foreign Relations, former US treasury under secretary for international affairs and a new member of the OMFIF advisory council, discusses national and multilateral responses to the rise of stablecoins.

Register to attend here

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