Private Firms Can Boost Central Bank Digital Currencies, IMF Official Says
Synthetic CBDCs could let the private sector manage digital currencies backed by central banks, says the IMF's Tommaso Mancini-Griffoli.
Countries might benefit from issuing central bank digital currencies, but they’re not a panacea for every ailment, a new IMF report says.
The virtual event, which runs Oct. 19-22, brings together marquee names from Switzerland’s FINMA, Sweden’s Riksbank, Bank for International Settlements, the Commodity Futures Trading Commission and the International Monetary Fund to discuss stablecoin regulation, central bank digital currencies, the future of money and more.
The IMF has said it’s time to re-evaluate the global economic order, but what does that really mean?
Many of the world's largest economies will institute national digital currency banking standards with the International Monetary Fund and World Bank.
A director at the IMF has spoken of the value the private sector could bring to central bank digital currencies, should they be adopted by nations.