CBDCs could improve energy efficiency of payments – IMF paper


Central banks could improve the energy efficiency of payment systems if they make the right design choices when developing digital currencies, research published by the International Monetary Fund finds.

Digital currencies and energy consumption explores energy use by both crypto assets and central bank digital currencies (CBDCs). Crypto assets such as bitcoin have been widely criticised because the ‘proof of work’ required to process transactions requires vast energy consumption. Researchers

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