Last week, the International Monetary Fund, Bank for International Settlements (BIS), and World Bank published a paper highlighting the benefits of CBDC. According to the report, "If coordinated successfully, the clean slate presented by CBDCs might – in time and in combination with other improvements – be leveraged to enhance cross border payments." That endorsement follows a BIS survey showing around 90% of the world's central banks are now working on their own digital currencies, some of which may be issued in the next three years. To receive all of MRP's insights in your inbox Monday–Friday, follow this link for a ... (full story)