Traditional Money Could Be ‘Surpassed’ By E-Money, Stablecoins: IMF Paper
A new IMF paper suggests that cash and bank deposits could be left behind as digital money and fiat-pegged cryptos see greater adoption.
Synthetic CBDCs could let the private sector manage digital currencies backed by central banks, says the IMF's Tommaso Mancini-Griffoli.
Libra's revised whitepaper resembles clearinghouse certificates that the U.S. used to prevent bank runs before the Federal Reserve was created, a former IMF economist says.
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.
IMF: “The Great Lockdown is the worst economic downturn since the Great Depression, and far worse than the Global Financial Crisis [of 2008].”
Digital currencies do not yet meet the criteria to become a viable alternative to the greenback, according to the IMF's Gita Gopinath.