International financial institutions are monitoring the development of central bank digital currencies. Some of them have even expressed their willingness to cooperate with central banks. For example, the Bank for International Settlements (BIS) plans to release a platform for CBDCs.
For its part, the International Monetary Fund (IMF) is also ready to interact with regulators and provide them with the necessary technical assistance, its head Kristalina Georgieva said last week.
According to her:
“We know the CBDC movement is gaining momentum driven by central banks. Overall, about 100 states are already studying CBDC at one level or another. Some studies have been made available to the public.
The IMF is closely monitoring this process. The Fund, if necessary, will help regulators to integrate the token into the financial system of the state.”
The president of the IMF has said that CBDCs have great benefits.