Bitcoin As Your National Currency Bad Idea Says The Imf
The IMF’s blogpost, published on Monday, doesn’t name any country or region, but many countries, including China, Japan, the US, Australia, Canada and the UK, have been exploring various implementations of digital currencies issued by their respective central banks — CBDCs or digital sovereign currencies. The European Central Bank (ECB) this month announced plans to prepare for a digital Euro, a sovereign digital currency issued by the ECB that would complement cash and support digital payments in light of changes in transactions since the pandemic....