IMF reports that the introduction and use of "digital currency" may spread October 20, 7:55
On the 19th, the IMF = International Monetary Fund compiled a report stating that the introduction and use of electronic currency "digital currency" that can be used in the same way as banknotes and coins may spread in the future, and its effectiveness in each country. Regulatory debates are likely to become more active.
According to the report, "The rapid development of digital technology is expanding the outlook. It will be possible to make payments and remittances as easily as sending e-mail," and the introduction and use of digital currencies may expand in the future. Pointed out.
On the other hand, there is a risk of being misused for crimes and the risk that conventional monetary policy will not work, and the report states that such side effects should be carefully investigated.
The IMF held an event to coincide with the release of the report, in which Fed Chairman Powell, the central bank of the United States, said, "We need to stay at the forefront of research, but more quickly. It is important to respond correctly, "he reiterated the recognition that it is important to identify the advantages and disadvantages.
Regarding digital currencies, China is planning to issue a digital yuan, and Facebook in the United States has announced that it will introduce its own crypto asset `` Libra'', and there will be discussions on effectiveness and regulation in each country. It seems to be active.