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ARTICLE · 15 MARCH 2022

IMF Provides Update On Central Bank Digital Currency Trends, Insights And Policy Lessons

McCarthy Tétrault
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Earlier this month, the International Monetary Fund ("IMF") issued a paper titled Behind the Scenes of Central Bank Digital Currency (the "Report") which offers a take from six jurisdictions that have begun...

CanadaTechnology
TechLex Blog
TechLex Blog
Lucie Tedesco
Lucie Tedesco
Ana Badour
Ana Badour
Shauvik Shah
Shauvik Shah
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Earlier this month, the International Monetary Fund ("IMF") issued a paper titled Behind the Scenes of Central Bank Digital Currency (the "Report") which offers a take from six jurisdictions that have begun issuing central bank digital currency ("CBDC")1, engaging in pilots related to CBDC, analyzing the merits of CBDC, or that have decided against adopting CBDC for the time being. Jurisdictions covered in the Report include the Bahamas, China, the (Eastern) Caribbean2, Uruguay, Sweden and Canada.

The Report explores areas such as policy goals, design features, operational models, legal foundations, central banks and private sector roles, supporting technologies and implementation considerations.

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