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BIS And IMF: “Digital Currency Can Be More Effective For Settlements With Cheaper Fees For Money Transfers”

According to two separate reports published by the Bank of International Settlements (BIS) and the International Monetary Fund (IMF), a group of central banks, crypto digital currency can lead to faster settlement times and cheaper transfers. Further, the BIS showcased a prototype where money transfers can be done in seconds with only a minor processing… Read More

BIS, IMF, World Bank Advocate For Connecting The World Through Central Bank Digital Currencies mCBDC

The old guard of the ancient dying financial system which includes the Bank of International Settlements (BIS), World Bank, and the International Monetary Fund (IMF), have all advocated the benefits for developing Central Bank Digital Currencies (CBDCs.) The three global bodies released the report during the G20 meeting over the weekend. The financial bodies all… Read More

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