Central banks are focusing on domestic CBDC use, even though the implications go beyond borders.
The Monetary Authority of Singapore’s “Global CBDC Challenge” will be supported by Amazon Web Services, Mastercard, Hyperledger and others.
Gerry Rice said El Salvador's plan to adopt bitcoin as legal tender raises "macroeconomic, financial and legal issues."
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.
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.
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.
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.
A new IMF paper suggests that cash and bank deposits could be left behind as digital money and fiat-pegged cryptos see greater adoption.
The International Monetary Fund and the World Bank have launched an internal crypto token to fill a "knowledge gap" around blockchain tech.