Thu Sep 14, 2023 – 6:01 pm EDT
NEW DELHI, India (LifeSiteNews) – The Group of 20 (G20), the 19 most influential countries on earth plus the European Union, has endorsed proposals to explore development of a “digital public infrastructure,” including digital identification systems and potentially a centralized digital currency.
The G20 consists of the United States, United Kingdom, European Union, Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Russia, Saudi Arabia, South Africa, South Korea, and Turkey. Its members “represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population.”
In a Leaders’ Declaration released September 10, the G20 leaders called for “swift implementation” of the intergovernmental Organisation for Economic Co-operation and Development’s (OECD’s) Crypto-Asset Reporting Framework & Amendments to the Common Reporting Standard, a taxation and reporting framework for crypto-assets. They also endorsed “discussions on the potential macro-financial implications arising from the introduction and adoption of Central Bank Digital Currencies (CBDCs).”
Then, in its Policy Recommendations for Advancing Financial Inclusion and Productivity Gains through Digital Public Infrastructure released this week, the G20 endorsed exploration of “digital public infrastructure” (DPI) consisting of “digital
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