Tag: digital currencies
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According to the IMF, digital currencies issued by central banks can take the place of cash. “Now is not the moment to go back”
Digital currencies issued by central banks have the possibility to displace cash, but adoption may take some time, according to International Monetary Fund managing director Kristalina Georgieva, who made this announcement on Wednesday. “CBDCs can serve as a substitute for cash, which can be expensive for distribution in island economies,” she stated at the Singapore…