Definition ∞ Government Digital Assets refer to digital representations of value issued or controlled by a national or sovereign entity, including central bank digital currencies (CBDCs) and tokenized government bonds or other financial instruments. These assets aim to modernize financial infrastructure, enhance payment efficiency, and potentially extend monetary policy tools. Their issuance requires careful consideration of economic stability and privacy. They represent a digital evolution of state finance.
Context ∞ Many governments globally are actively exploring or piloting central bank digital currencies, assessing their implications for financial inclusion, monetary policy, and cross-border payments. Regulatory frameworks for these assets are a primary area of focus and development. The global discussion on their implementation continues to progress.
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