A CBDC For Retail Could Bring Central Banks Into Trouble: IMF Director

Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), recently took a swipe at retail central bank digital currencies (CBDCs). IMFIM chief warns retail CBDCs could jeopardize global financial stability At the annual Milken Institute conference titled “The State of the Global Financial System,” Georgieva reiterated the IMF’s position, pointing out that retail CBDCs could jeopardize global financial stability. Georgieva let participants know that notwithstanding the plenty of pilots, retail CBDCs could result in a “myriad of unforeseeable consequences.” Georgieva thinks that wholesale CBDCs can be put in place with fairly little room for undesirable surprises, whereas retail CBDCs The post A CBDC For Retail Could Bring Central Banks Into Trouble: IMF Director appeared first on Cryptoknowmics-Crypto News and Media Platform .