IMF chief urges more proactive push for central bank digital currencies

The head of the International Monetary Fund (IMF) has urged countries to make a more proactive push to develop central bank digital currencies (CBDC).

“We may be at a point where the public sector needs to offer a little more guidance,” IMF Managing Director Kristalina Georgieva said in a speech in Singapore.
“Not to crowd out, not to disrupt,” she added. “But to act as a catalyst, to ensure safety and efficiency – and to counter fragmentation.”

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