Kristalina Georgieva, International Monetary Fund managing director, stated that more than half the central banks around the globe are looking at digital currency launch options.

Georgieva addressed a virtual conference that was hosted by Bocconi university on October 5, Georgieva The IMF looked at digital currencies in the central banks and the whole economy from the point of view of macroeconomic stability. She said the technology had given people the opportunity to make “seamless, and less costly” transfers, and called CBDCs the most reliable form of digital currency, given they had “backing of the state” and were generally regulatory compliant.