Giant Report from G30 Experts to Ripple (XRP)!
G30 experts call on central banks and financial authorities around the world to be proactive in terms of digital assets. G30 experts discuss the possibility of the “systemic currency” posed by some academics. The systemic currency can be in the form of a stable currency fixed on the deposits of different central banks around the world. Experts say that this theoretical currency can provide benefits similar to what XRP has already done:
IT MAY BE USEFUL FOR SUCH A STABLECOIN TO PERFORM FUNCTIONS IN GLOBAL PAYMENTS, SIMILAR TO THE DIGITAL CURRENCY XRP.
G30 experts argue that the most important disruptions in the international payment system since bank mediation may be money tokenization. However, experts suspect that despite all positive developments, crypto assets can act as functional currencies independent of governments:
THE LIBERTARIAN VIEW THAT A SUPERIOR PRIVATE SECTOR CURRENCY (SUCH AS A CRYPTOCURRENCY) CAN SOMEHOW COMPLEMENT A GOVERNMENT CURRENCY IS VERY OPTIMISTIC.
G30 researchers: Countries should be more active in regulating cryptocurrencies
G30 researchers say that countries should be more active in providing “basic infrastructure” to digital assets to take advantage of the public interest and ensure legal compliance. In addition, experts report that any international systemic currency may have coordination costs and productivity issues.