Recently, in the 15th meeting of G20 countries held in Riyad, Saudi Arabia, Xi Jinping, the President of China, called on the G20 leaders to frame the ground rules for the Central Bank Digital Currency (CBDC). Xi Jinping, the president of China, stated, these ground rules framed by G20 leaders will develop standards and principles by which countries will be able to handle the risks and challenges that come with the adoption of CBDC.
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