While some experts believe tokenization has an array of positive global impacts, others cautioned of its potential to throw efforts to achieve financial inclusion into disarray.
Andorra sought assistance in recording ‘crypto’ transactions, with the IMF providing guidance on current and upcoming digital asset industry trends.
The needs of Pacific Island nations are diverse, and those with national currencies can try CBDCs while those without can opt for stablecoins: just not ‘crypto,’ according to the IMF.
The IMF's working paper delves into how the conceptual four-layer model ASAP could offer use cases and solve issues plaguing today's digital asset ecosystem.
The IMF's report concludes that AI can reshape the global economic landscape, but cautions that the shift must be managed carefully, focusing on inclusivity, equitable growth, and ethical standards.
A paper from the International Monetary Fund outlines a framework for understanding and tracking systemic risks stemming from digital assets, as well as setting out tools to assist countries in containing these risks.
IMF seeks to guide banking regulators on CBDCs for local economies, emphasizing phased, iterative, and jurisdiction-specific approaches.
With the newly released joint paper, FSB and IMF encourage nations to "address data gaps necessary to understand the rapidly changing crypto-asset ecosystem."
IMF says tax systems have yet to evolve to cover digital assets, and the volatility, pseudonymity, and lack of global definition make taxation difficult.
Banning digital assets may not be the best way of mitigating the associated risks, said the IMF, a few months after suggesting such an approach might be an option.
Singapore believes digital money would be key in revitalizing the future of the financial and payments sector, laying out standard protocols to help fintech firms with its use and ensure uniformity.
Aside from the settlement layer, the CBDC platform dubbed XC platform comprises a programming layer designed to allow participants to make customizations regarding synchronized or delayed payments.
