IMF Working on a Global CBDC Platform

The International Monetary Fund (IMF) announced that they are working on a global platform where digital central bank currencies (CBDC) can be used.

According to Reuters, IMF Managing Director Kristalina Georgieva said in her speech on 19 June. Via CBDCs and tokenized assets international making payments named “XC” spherical One platform He said they were working on it.

Georgieva CBDCs are not fragmented national plans, more productive And fair for international systems ensuring coexistence expressed the need. More CBDCs cheap And productive Noting that it is a payment system, the president said that payments with this method are more can happen fast also highlighted.

Georgieva is currently 114 centers of the bank CBDC studies in the field, stating that to progress while drawing attention 10 of them their work finalize He added that he was about to come.

A joint cooperation between countries in the regulatory framework layer in amalgamation Georgieva, who suggested that partner One platform on disagreement probably cryptocurrencies by to be filled One that you can create a vacuum pointed.

In addition, CBDCs to the content also referred Georgieva, CBDCs supported by assets expressing the need for cryptocurrencies assets by supporting in case of investment opportunity is otherwise speculation tool He emphasized that he would.

On the other hand, IMF Money and Capital Markets Department Manager Tobias Adrianthe platform being worked on crypto industry from the global payment platform it has been waiting for quite far being located at one point drew attention.

adrien, the need for a common CBDC platform current payment of your methods slowness And from its opacity stated that it was due. Adrian also thanks to the use of XC every year due to payments 45 billion dollar your cost from a part that you can save also highlighted.

Manager, IMF XC for blockchain technology in its place distributed ledger technology (DTL) He stated that he plans to use of blockchain as reasons for not using safety, efficiency And costs shown. proof of work system (PoW) energy costs the proof-of-stake system (PoS) whereas High cost And untested it was stated.

Adrian also operator stating that it will be managed by participating countries on the platform money laundering And to impose capital controls drew attention.

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