“While a few countries have completely banned crypto assets given their risks, this approach may not be effective in the long run,” The IMF said in a website post about interest in central bank digital currency (CBDC) adoption in Latin America and the Caribbean. “The region should instead focus on addressing the drivers of crypto demand, including citizens’ unmet digital payment needs, and on improving transparency, by recording crypto asset transactions in national statistics.”
The Dollar Won, but Might the U.S. Lose Control of the Dollar?
Synthetic dollars, in effect, can cost more than “real” dollars because you need to over-capitalize your collateral in order to...