Central bank digital currency (CBDC) could increase the efficiency of current payment infrastructure while reducing costs to central banks, a paper published by the International Monetary Fund has said.
In the paper, published in June, the fund examines how digital technology has thus far transformed the financial services landscape in an attempt to understand what challenges consumers and regulators could face in the future.
The paper focuses on distributed ledger technology (DLT) and the rol
- Latvian police detain central bank governor on corruption charges
- RBI under pressure from alleged banking fraud scandal
- Polish central bank uses YouTube comedy to warn of digital currency dangers
- Ireland withdraws Lane’s nomination for ECB vice president
- Saudi Arabia’s Alkholifey on economic restructuring, reserves and cyber security