Crypto’s adaptability, openness key to superb financial system, say BIS execs
Governments throughout the globe see central financial institution digital currencies (CBDC) as a method to enhance the prevailing fiat ecosystem. Cryptocurrency’s technical prowess supported by the central financial institution’s underlying belief is essential to enabling a wealthy financial ecosystem, suggests an Worldwide Financial Fund (IMF) publication.
“Digital applied sciences promise a vibrant future for the financial system,” reads the publication attributed to IMF deputy managing director Agustín Carstens and BIS executives Jon Frost and Hyun Track Shin.
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