Part 7/9:
- Potential barriers to privacy and freedom in crypto transactions.
The Push for CBDCs
Complementing the crackdown on traditional cryptocurrencies, the IMF has been actively promoting the adoption of Central Bank Digital Currencies (CBDCs). These state-issued digital currencies are seen as a means to retain monetary control in an increasingly digital world.
The Broader Adoption Strategy
About five months before the IMF’s comprehensive policy review, they publicly affirmed their support for CBDCs, signaling a strategic move to influence national digital currency policies. More than 114 countries are now exploring or developing CBDCs, indicating a global consensus on the importance of digital currencies issued and controlled by central banks.