Tommaso Mancini-Griffoli, the vice division chief in the Monetary and Capital Markets Dept. (MCMD) at IMF, emphasized the merits of ‘synthetic Central Bank Digital Currency (CBDC)’ operated through public-private cooperation, compared to the general CBDC in which the central banking institution is in charge of overall operations.
The synthetic CBDCs could offer users a trusted method of payment that concomitantly leverages some of the primary circumstances which puts the private sector in a superior business position.
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