Nick Anthony, a policy analyst at the Center for Monetary and Financial Alternatives of the Cato Institute, tweeted in response to the IMF executive’s remarks that CBDC would let governments control what people spend money on.
105 countries are investigating central bank digital currencies around the world in 2022, but the majority of nations are still conducting research.
After the Chinese digital Yuan prototype garnered attention, the number of countries where central banks have issued digital currencies has increased.
A joint project between the Central Bank of Canada and the Massachusetts Institute of Technology will be researching the possibility of an entirely digital Canadian dollar, it was announced yesterday.
