Daniel 7:23 “Thus he said: ‘As for the fourth beast, there shall be a fourth kingdom on earth, which shall be different from all the kingdoms, and it shall devour the whole earth, and trample it down, and break it to pieces.
Important Takeaways:
- IMF Pushes Global Central Bank Digital Currency Platform as Cashless Trend Builds Steam
- The International Monetary Fund (IMF) is working on a platform that would allow various central bank digital currencies (CDBCs) to interoperate on a global scale, which comes amid a broader push toward cashless societies and concerns about risks to freedoms.
- IMF managing director Kristalina Georgieva told conference participants on Monday in Rabat, Morocco, that the transnational agency is developing a global platform for central bank controlled digital currencies.
- “CBDCs should not be fragmented national propositions … To have more efficient and fairer transactions, we need systems that connect countries—we need interoperability,” Georgieva said. “For this reason at the IMF, we are working on the concept of a global CBDC platform.”
- adding that “the last thing we want” is the emergence of “settlement blocks” where CBDC transactions are settled within separate ring-fenced regional frameworks.
- She said that out of 114 central banks around the world that are exploring issuing national CBDCs, around 10 have already crossed the finish line and that “we will pursue relentlessly together” the development of central bank digital currencies.
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