Director of the International Monetary Fund Kristalina Georgieva expressed concern about the readiness of many states to switch to national digital currencies (CBDC).
It must be understood that in addition to the benefits of introducing an innovative tool, there may be risks to the stability of the financial system.
CBDC increases the availability of banking services. However, each state that creates a token needs an effective regulatory framework that can ensure the security and transparency of transactions.
Georgieva recalled that the International Monetary Fund is cooperating with 50 countries in the creation and implementation of CBDC.
The economies of these countries will change qualitatively, and financial institutions need to support them in order to improve the mechanism of its functioning, the IMF director believes.
