IMF Managing Director Kristalina Georgieva said on Monday that in order to have more efficient and fairer transactions, ‘we need systems that connect countries’
The International Monetary Fund is working on a platform for central bank digital currencies to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday.
A CBDC is a digital currency controlled by the central bank, while cryptocurrencies are nearly always decentralised. “If countries develop CDBCs only for domestic deployment we are underutilizing their capacity,” she added.
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