Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said that, according to the organization, the study and development of state cryptocurrencies is being carried out in 110 countries.
During a virtual conference organized by Milan’s Bocconi University, Georgieva noted that central banks in more than half of the world’s countries are studying government cryptocurrencies. Of course, the IMF itself did not stand aside – the Fund’s analysts are investigating the possible impact of government cryptocurrencies on macroeconomic stability.
Technologies make it possible to make money transfers and payments simpler and cheaper, and national cryptocurrencies are the most reliable form of digital currency, Georgieva emphasized. She noted that such digital money is supported by the state and, of course, meets all regulatory requirements.
“We did our research and were very impressed: there are now 110 countries in the process of studying government cryptocurrencies,” said the managing director of the IMF.
At the same time, according to Georgieva, bitcoin and other cryptocurrencies are more likely assets than money. She called the excessive volatility of digital assets, as well as a lack of trust in them from governments and regulators, as one of the main problems of the industry. At the moment, only the Central Bank of the Bahamas has launched its own digital currency.
Earlier, the IMF recommended that developing economies introduce a national digital currency and reduce dependence on the US dollar in order to increase economic stability in the world.
