While many nations are moving to develop digital currencies, the International Monetary Fund (IMF) reports that only a number of countries are legally allowed to do so.
In a recent blog post, the IMF reports that according to various surveys, an increasing number of central banks are exploring the possibility of having a central bank digital currency (CBDC). However, a majority of the IMF’s member nations have legal structures that do not have clear policies regarding the establishment of digital currencies, or do not allow the development of them at all.
The IMF estimates that “80% of the world’s central banks are either not allowed to issue a digital currency under their existing laws, or the legal framework is not clear.”
Read more: https://dailyhodl.com/2021/01/16/imf-says-only-40-countries-allowed-to-issue-digital-currencies/