World Trade Forum: The benefits of digital technology have crossed borders. How regulators can be taken

LASTELY CBDCS, CBDCs and Diseases are required to take care of the new rules in a particular policy.

Digital payment and members and digital use of a speedy recovery of private economy and organization of International and Area government. The results of this conversation will affect the use of digital resources and avoid risk.

Since 2008, China has announced Bitcoin file, and discussion in Digital currency continued. The recent contention is aimed for two types of digit bank account bank account (CBDC) and stability. These two digital are also analysis of the digital world conference (DCGC). The Alliance created eight business business rules to address the most important industry, a secure coin.

Multiple digital results are designed to improve their existing payment and improve funding. The amount of payment is not only to be slower, but also increases the price, and various curves. Digital Calls who guarantee the mediation placement to adjust to the reduction of friction. This purpose makes the technology structure of the development of technology and have a difference in opposition and the printed level of home and international.

In the report, the DCGC explicitly identifies the regulatory and regulatory differences and inconsistencies between stationary parts and CBDCs, specifically the four key issues they face.

First, existing laws and regulations will neither provide a legal basis for the benefits of digital benefits nor address the risks of some of these digital benefits.

Second, due to the design of stable and unconsolidated financial institutions in China, the decisions of many regulators overlap.

Third, despite the coin's potential impact on global stability, the lack of international cooperation has created discrepancies and inconsistencies in the treatment of international coins.

Finally, different types of digital currency present some of the same risks, and holding those risks differently leads to different and different approaches.

Many countries receive different versions of CBDCs and Stablecoins, but consumers all over the world can use the same method. In addition, CBDCs and fixed funds can also operate on similar blockchains. One potential problem, however, is that risk similarities will be resolved differently in different situations. The recently released DCGC data aims to help CBDCs and debt consolidation establish a regulatory and regulatory environment, and identify and mitigate risks.

While the management of digital benefits is still evolving, there are provisions in the law that can help regulators attempt to bridge the gap between innovation and governance.

Mainstreaming cross-border and cross-border integration: The design and implementation of unique cross-border digital outcomes requires regulators to collaborate between organizations and the foreign area. Existing procedures allow collaborative and cross-border collaboration to bridge administrative and regulatory capacity differences, especially in affected areas, with interpretation and dissemination of digital results.

Risk-based approach: Sandboxes and innovation labs are a type of risk-based approach adopted by many countries. At the same time, the EU's Crypto Asset Market (MiCA) Agreement is a risk-based approach that establishes different levels of risk-based governance regarding digital benefits that can impact consumers. and individuals.

Five-level digital results framework

Creating digital advantages requires integration and integration to avoid the impact of the payments ecosystem. Lawmakers need to determine where existing policies can be matured and where new regulations for ecosystems that integrate with fixed income, retail CBDCs and other payments need to be made.

The DCGC data describes five steps to identify, prevent and resolve inconsistencies and inconsistencies: risk report, workplace declaration, definition of responsibilities, material, and identified gaps and deviations. This framework is a simple view of the legal process and cannot solve all of the issues mentioned in this article, but it is hoped that it will provide a way to resolve inconsistencies and inconsistencies related to digital advantages.

Digital financial entrepreneurs need to plan for the future by thinking carefully about how they can implement policies and regulations and how they can synergize across the country and industry. DCGC documents support consensus and integration of multiple legal entities and include the development and implementation of policies, laws and regulations that prohibit the development of different and inconsistent entities from the start. This approach can lay the foundations for innovation, facilitate governance and promote international cooperation.