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central bank digital currencies (

central bank digital currencies ( latest

IMF: Digital Money Carries Both Promises, Risks
October 21st, 2020 - 09:30 GMT

IMF: Digital Money Carries Both Promises, Risks

The International Monetary Fund (IMF) said Monday that the push by central banks to develop digital currencies entails both risks and benefits at the global and local levels. According to a new report by the international financial body, rapid progress in digital technologies has increased the likelihood of adopting new forms of digital currencies for both domestic and international transactions. These include central bank digital currencies (CBDCs) and so-called global ...
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