Whether central banks should create their own-state backed cryptocurrencies received a somewhat surprisingly bold endorsement from the International Monetary Fund’s managing director Christine Lagarde this week. The former French finance minister's somewhat favorable stance in favor of such state-backed digital money stood at slight variance from the position of the Basel-based Bank of International Settlements (BIS), which has cautioned the global lenders of last resorts from entertaining such ideas.
IMF Backs Central Bank Digital Currencies
IMF Backs Central Bank Digital Currencies
IMF Backs Central Bank Digital Currencies
Whether central banks should create their own-state backed cryptocurrencies received a somewhat surprisingly bold endorsement from the International Monetary Fund’s managing director Christine Lagarde this week. The former French finance minister's somewhat favorable stance in favor of such state-backed digital money stood at slight variance from the position of the Basel-based Bank of International Settlements (BIS), which has cautioned the global lenders of last resorts from entertaining such ideas.