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Wednesday

25 November 2020

IMF lawyers argue that central banks need reform before they can issue CBDCs

IMF lawyers argue that central banks need reform before they can issue CBDCs


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IMF lawyers argue that central banks need reform before they can issue CBDCs.

The new paper also brings into question whether the monopoly that most central banks enjoy on the issuance of fiat currencies — which is reasonable enough, except that they seem to be suggesting rendering private fiat-pegged stablecoins illegal: .

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