Staff at the International Monetary Fund (IMF) are reportedly advocating for a global platform for the International Monetary Fund. cross border payments and on cryptocurrency regulation.
These calls to action were published in the September issue of the IMF quarterly magazine.finance and developmentaccording to Thursday (September 1) Reported by CoinDesk.
In particular, Tobias AdrianA financial counselor and director of the IMF’s financial and capital markets division, he said he wanted to create a platform that accepts payments in central bank digital currencies (CBDC) and issues tokens against them to reduce the cost of cross-border remittances. Said he hopes the organization will build. report.
Regarding the regulation of cryptography, Aditya NarainAccording to the report, the deputy director of the IMF’s Monetary and Capital Markets Department wrote that the cryptocurrency ecosystem should be regulated in a coordinated global response rather than in different national frameworks.
According to a PYMNTS survey, half of businesses now use or want to use blockchain and cryptocurrencies for cross-border payments.
“Thirty-seven percent of businesses say they are currently using blockchain and cryptocurrencies for cross-border transactions, and another 13 percent say they want to.blockchain payment trackerPYMNTS and Algorand collaboration.
A study found that high-friction transactions such as cross-border payments may provide incentives for more companies to seriously consider developing blockchain payments.
On Wednesday (August 31), the Digital Dollar Project (DDP) launched a technical sandbox project in October, focusing initially on cross-border payments, to explore the practical aspects of implementing a CBDC in the United States. announced that it would seek
“The launch of the Technical Sandbox program marks the next step in our efforts to bring together the private and public sectors in investigating U.S. central bank digital currencies,” said Jennifer Lassiter, executive director of the Digital Dollar Project. said in a press release.
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