Will The World Soon Be Ready For Central Bank Digital Currencies? The IMF Thinks So…
…CBDs could grant central banks the power to deprive people exhibiting the wrong sorts of views or behavior of the ability to transact altogether
As one might expect, the International Monetary Fund (IMF), the world’s most important supranational financial institution, is deeply involved in this process, including by providing technical assistance to many of its members. Speaking at an event organized by the Atlantic Council last month, the IMF’s President Kristalina Georgieva outlined the potential benefits of CBDCs while heaping praise on the “ingenuity” of central banks:………………………..