IMF Lays Out Vision for Digital Money Transition
BeInCrypto –
In order to keep pace with policy challenges and implement its mandate, the International Monetary Fund (IMF) will ramp up its resources to facilitate the transition to digital money.
In the paper, the IMF laid out its vision for its evolution. It also addressed how it will seek to partner with other organizations like central banks, regulators and the World Bank. While only published this week, the IMF discussed the March-dated paper in April.
Conditions for benefits
The IMF began the paper discussing a few of the benefits offered by digital currencies. Some of these include the speed, ease, and economy of transactions afforded by the digital infrastructure. Additionally, their cross-border facilitation could also foster efficiency and inclusion.
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