During a panel discussion hosted by the International Monetary Fund on Monday, officials said they continue to evaluate the merits and drawbacks of central bank digital currencies (CBDCs), with the familiar caveat that digital innovation has its benefits but policy considerations abound.
The panel, featuring Federal Reserve Chairman Jerome Powell; Bank Negara Malaysia Governor Nor Shamsiah; Bank for International Settlements General Manager Agustin Carstens; and Saudi Arabian Monetary Authority Governor Ahmed Abdulkarim Alkholifey, appeared to conclude that while CBDCs may be useful for some countries, it’s too soon for them to be issued.
Read more: https://www.coindesk.com/cbdc-imf-meeting-federal-reserve-central-banks
