While the technology may deliver benefits for policymakers, there were many crises CBDCs could not fix, according to the International Monetary Fund.
The International Monetary Fund has been discussing digital money this week, dubbing it “special currency.”
The International Monetary Fund is exploring what digital currency is and the potential benefits it could provide.
Synthetic central bank digital currencies could offer the best combination for central banks exploring digital currencies.
The International Monetary Fund has told the central bank of the Philippines to begin collecting data from local crypto exchange users.
The International Monetary Fund has reportedly suggested that Georgia include the income from cryptocurrency-related activities in their annual foreign trade balance reports.
The IMF report said traditional money would face “tough competition and could even be surpassed” by cryptocurrencies.
Christine Lagarde is now the president of the European Central Bank (ECB) and this could prove to be extremely beneficial for crypto.
Afghanistan has been decimated by decades of conflict, and it is considering turning to cryptocurrency as perhaps its only resort to rebuild .
The IMF and World Bank are teaming up to make a new cryptocurrency to help organizations learn more about blockchain technology.
Christine Lagarde already sees the financial sector reacting to blockchain technology, but she hopes the industry can embrace stability.