IMF lawyers argue that central banks need reform before they can issue CBDCs

New and developing research from the International Monetary Fund suggests that central banks around the world need new legal definitions for tokenized currencies. On Friday, the International Monetary Fund published a new working paper on central bank digital currencies, or CBDCs, and their legal ramifications.  In the paper, researchers including IMF legal counsel Wouter Bossu […]

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Russia’s central bank says the pandemic has accelerated regulators’ interest in CBDCs

The pandemic-induced crisis is galvanizing new trends across all aspects of the global economy, including digital currencies. The COVID-19 pandemic has served both as an x-ray onto existing vulnerabilities in the global financial system, and as an accelerator for destabilizing tendencies, including higher sovereign and consumer debt in emerging markets. At an online meeting of […]

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