IMF financial counsellor and director, monetary and capital markets department Tobias Adrian said the CBDC has the potential to make payment systems more cost-effective, competitive and resilient.
KUALA LUMPUR: The central bank digital currency (CBDC) platform offers various potential benefits for central banks, but there are also several risks that should be considered, according to the International Monetary Fund (IMF).
IMF financial counsellor and director, monetary and capital markets department Tobias Adrian said the CBDC has the potential to make payment systems more cost-effective, competitive and resilient.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
