RABAT, June 19 (Reuters) - The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday.
"For this reason at the IMF, we are working on the concept of a global CBDC platform," she said.
The IMF wants central banks to agree on a common regulatory framework for digital currencies that will allow global interoperability.
A CBDC is a digital currency controlled by the central bank, while cryptocurrencies are nearly always decentralised.
Already 114 central banks are at some stage of CBDC exploration, "with about 10 already crossing the finish line", she said.
Persons:
Kristalina Georgieva, Georgieva, CBDCs, Ahmed Eljechtimi, Sharon Singleton
Organizations:
Monetary Fund, IMF, Thomson
Locations:
RABAT, African, Rabat, Morocco