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World needs a CBDC treaty, Cecchetti tells cbankers

By Izabella Kaminska · Jun 8, 2023 LONDON — Governments should consider an international moratorium on the development of central bank digital currencies (CBDCs) due to the financial stability risk they could pose for small jurisdictions, the former director of research at the Federal Reserve Bank of New York, Stephen Cecchetti, told central bankers in […]