First Bitcoin (BTC) including to cryptocurrencies having a negative attitude towards From the International Monetary Fund (IMF) Yet another negative statement came.
Stating that there is no option for cross-border payments due to the volatile and unstable nature of cryptocurrencies, the IMF said, CBDC’pointed to.
Calling for a global platform for cross-border payments in a report released today, IMF officials said it was unstable, inefficient and riddled with fraudulent crimes. cryptocurrency repeated calls to regulate the industry.
Explaining his views on this subject, Tobias Adrian, head of the money and capital markets department of the IMF, said:
“The IMF needs to develop a new system to reduce the costs of international transfers. In addition to accepting CBDC payments, the platform will hold CBDCs in escrow and issue tokens against them.”
Continuing his statements, IMF official Adrian said that other central banks in the world CBDC He promised to share more information on how they can work together on the project and “The private sector will be able to expand their use of the platform by writing smart contracts.” said.
Tobias Adrian finally IMF’of 97 countries CBDC Referring to his statement of the study, he stated that these countries are researching and testing CBDCs significantly, raising the question of how different CBDCs will work together to enable cross-border payments.
Aditya Narain, deputy director of the IMF’s money and capital markets department, as well as Adrian, said in a statement. “There needs to be a coordinated, consistent and comprehensive global regulation that covers all actors and all aspects of the cryptocurrency ecosystem” stated.
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