In an article publicized on 31st May, the Deputy Director of the Monetary and Capital Markets Department Dong He listed three ways to fight potential competition to central banks from cryptocurrencies. He mentioned that the fiat currencies should be made better and stable units of account. He also cited issuance of CBDC to be used in settlement cycle.
IMF official publicizes report to combat Crypto CompetitionIncryptsJun 01, 2018069
Nov 17, 2018
Nov 15, 2018