The Managing Director of the International Monetary Fund, Kristalina Georgieva, revealed that the Fund is working on creating a platform for digital currencies subject to central banks to facilitate transactions between countries.
Georgieva explained, "Digital currencies subject to central banks should not be sporadic national proposals, as to enjoy more efficient and fair transactions, we need systems that connect countries to each other, and that is why we are working at the IMF on a vision of a global platform for digital currencies for central banks." Considering that "not agreeing on a common platform may create a vacuum that cryptocurrencies will likely fill."
The IMF wants central banks to agree on a common regulatory framework for digital currencies that are interchangeable across the world.
Source (Al-Arabiya.net Website, Edited)
