The International Monetary Fund (IMF) managing director Kristalina Georgieva laid out a bold vision during a speech in Singapore yesterday: Central bank digital currencies (CBDCs) could replace cash in the global financial system. About 60% of countries are exploring them and recognizing their potential to enhance financial inclusion, and the IMF has released a CBDC Virtual Handbook to support this. Georgieva also commented on the importance of cross-border payments, and the potential for technological advancements such as AI and blockchain to amplify the benefits of CBDCs. Optimism for the tokenization of real-world assets has been growing, and the IMF has had a much easier time embracing CBDCs than the broader cryptocurrency industry. #CBDC #IMF #Cryptocurrency #Fintech
You can read more about this topic here: Decrypt: CBDCs Could Replace Cash in Global Finance, Says IMF
