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IMF: How regulators can ensure co-existence of private stablecoins, CBDCs
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ambcrypto.comCBDCs are all the rage of late. While cryptocurrencies continue to be seen with skepticism by most regulators, the idea of a CBDC has grabbed a lot of eyeballs. In doing so, it has also stoked a lot of conversation around it.
During a recent event, the International Monetary Fund (IMF) spearheaded a discussion on CBDCs and private stablecoins.
Economics and Policy Professor Eswar Prasad explained that while financial innovation is nothing new, it changes the fundamental nature of money. In this context, he called for a bifurcation of private crypto-payment platforms and centralized cryptocurrencies. He said,
“I think we will have private currencies potentially playing a more important role, but I think other forms of currencies especially
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