Day: 15 February 2022

IMF: Crypto Is No Match for Well-Designed Central Bank Digital Currencies

Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), has stated that cryptocurrencies and stablecoins are not as effective as central bank-issued currencies, CBDCs.   According to her, “If CBDCs are designed prudently, they can potentially offer more resilience, more safety, greater availability, and lower costs than private forms ...

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