IMF: Benefits of digital currency platform

IMF financial counsellor and director, monetary and capital markets department Tobias Adrian said the CBDC has the potential to make payment systems more cost-effective, competitive and resilient.

KUALA LUMPUR: The central bank digital currency (CBDC) platform offers various potential benefits for central banks, but there are also several risks that should be considered, according to the International Monetary Fund (IMF).

IMF financial counsellor and director, monetary and capital markets department Tobias Adrian said the CBDC has the potential to make payment systems more cost-effective, competitive and resilient.