ITU to establish standards for digital currency - ITREALMS

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The International Telecommunications Union (ITU) is advancing to establish standards for digital currency, reports ITREALMS.

ITU, ITREALMS noted that as fully digital transactions increasingly become the norm, the vital groundwork to prepare international standards for digital currency is accelerating, regulators, industry and academia are collaborating to ensure interoperability and security based on key prerequisites for digital currencies to match and exceed the role of cash in our daily lives.
ITREALMS gathered that key lessons from digital currency pilots will be shared next week at the DC3 Conference: From Cryptocurrencies to CBDCs, taking place online from 25 to 27 January 2022.

“DC3 discussions will build on valuable 'pre-standardization' studies supported by the Digital Currency Global Initiative — a partnership of the International Telecommunication Union (ITU) and the Future of Digital Currency Initiative at Stanford University,” ITREALMS gathered.