The G-7 Drafts 13-Point Principles For The Launching Of CBDC

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Photo taken on May 24, 2016, shows flags of Group of Seven industrialized countries. (Kyodo)

On October 11th, 2021, Kyodo News revealed that the Group of Seven industrialized nations (G-7) had created 13-point rules for launching Central Bank Digital Currencies (CBDC). The finance chiefs of the G-7 countries will meet in Washington on Wednesday 13th October to sign the agreement.

To solve a “sovereign matter,” the G-7 countries seek “a common set of principles, and underscoring the fundamental importance of shared values such as transparency, rule of law, and sound economic governance, these principles can guide and inform exploration of retail CBDC in the G-7 and beyond.”

The guiding principles for the CBDC are crucial, especially at this moment in time. The biggest concern is that Communist China is leading the global race to launch a CBDC. The development of the digital currency system could facilitate the totalitarian regime to rule over its economy and people.

Mr. Miles Guo, the brave Chinese whistleblower, has warned the world for over four years. That the Chinese Communist Party (CCP) doesn’t want to simply control its own 1.4-billion ordinary Chinese people (Lao-Bai-Xing, 老百姓); But also its evil goal is to enslave the economy and people of the whole world. The CBDC is the battlefield to crack down on the CCP’s evil plans.

To read more details about this story, please click the following link: G-7 highlights transparency among digital currency principles: draft

Editor: 苹果树

PR: Mr. Cow

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Edited by:【Himalaya London Club UK】

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