On Friday the International Monetary Fund published a new working paper on Central Bank Digital Currencies (CBDCs) and their legal implications.
In the paper, researchers, including IMF legal advisor Wouter Bossu and Catalina Margulis, argue that the current framework is insufficient for publicly accessible CBDCs to be released. Researchers are particularly concerned about how existing definitions of money can be applied to such a new technology, but they are optimistic that the problem is simple enough to fix:
One of the biggest challenges for emerging markets is volatility. Driven by political and economic instability, reliance on a limited number of industries and constraints. . .
While 2020 will be considered one of the most difficult countries in the world for many years, the success of the decentralized financial sector is an important milestone for. . .
Morgan Creek Capital Management and Exos Financial filed a new Bitcoin (BTC) fund with the US Securities and Exchange Commission on Thursday. If approved, the fund will. . .
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World News – CA – IMF lawyers argue that central banks need reforms before they can issue CBDCs
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