NEW: IMFNews has plans for a new international payments platform powered by CBDCs – and it’s far from the crypto dream. jackschickler reports.
New platforms for cross-border central bank digital currencies could be more efficient and safe, while still ensuring countries can impose compliance checks and capital controls, an official from the International Monetary Fund said on Monday.
“Our blueprint for a new class of platforms would enhance and ensure greater interoperability, efficiency, and safety in cross-border payments, as well as in domestic financial markets,” Adrian said in a speech given in Rabat, Morocco. “The cost, sluggishness, and opacity of cross-border payments comes from limited infrastructure.”
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