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Why Hong Kong Is Pushing for Its Own Central Bank Digital Currency

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To safeguard U.S. leadership in the global financial order, the U.S. government should be monitoring CBDC developments, and proactively shape the agenda of the meetings taking place in the nine international organizations under the Bank for International Settlements, along with discussions happening at other standard-shaping institutions, including the Financial Stability Board, the Organisation for Economic Co-Operation and Development, the International Organization for Standardization, the Group of Seven, Group of 20 and other bodies.

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