Today the G7 issued its principles for retail central bank digital currencies. The principles reflect excellent ideas about how standards of sound policymaking should be applied to the novel and unknown area of retail-focused central bank digital currencies. The principles touch areas like monetary and financial stability, privacy, security, crime, competition, financial inclusion, energy use (quietly disqualifying bitcoin or other Proof of Work-based cryptocurrencies for the job of serving as CBDC). The need to make domestically focused CBDCs interoperable across borders is also mentioned. (full story)