Retail CBDCs bring unknown ‘consequences’ to financial system: IMF director
The IMF’s Kristalina Georgieva said wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.” A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund (IMF) claimed. The IMF’s Kristalina Georgieva erred on the side of caution regarding…
Read more
