International Monetary Fund’s research suggests central banks need new legal definitions for CBDCs.

By Jai Pratap on November 21, 2020 04:46

Published on November 21, 2020 09:47 by Coinnounce

The International Monetary Fund published a new working paper on central bank digital currencies (CBDCs) and their legal ramifications. In the paper, researchers, including IMF legal counsel Wouter Bossu and Catalina Margulis, argue that current frameworks are inadequate for issuing CBDCs. The researchers are particularly concerned about how existing definitions of money can apply to such a […]
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