G-7 Finance Officials Endorse Policy Principles for Central Bank Digital Currencies

(L-R) President of the European Council Charles Michel, U.S. President Joe Biden, Japanese PM Yoshihide Suga, British PM Boris Johnson, and Italian PM Mario Draghi pose for the Leaders official welcome and family photo during the G-7 Summit in Carbis Bay, Cornwall, on June 11, 2021. Leon Neal/WPA Pool/Getty Images

G-7 finance officials endorsed 13 public policy principles for central bank digital currencies (CBDC) on Oct. 13, noting that while electronic cash could support inclusion and innovation in an increasingly digital economy, the currencies also raise important questions regarding policy and regulation.

The G-7 countries consist of Canada, the United Kingdom, the United States, France, Germany, Italy, and Japan.