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The IMF's central bank digital currency handbook
Government money was paper. Then came bitcoin. Then all of a sudden, governments were like: Hey, maybe let's take this digital currency thing seriously? Driving the news: The International Monetary Fund put out a handbook this week for creating government money native to the internet. • Not because they think member countries should, but only if they want to. Be smart: The term of art these days when a government considers putting its money on the internet, natively, is central bank digital currency (CBDC). • While money is in many ways digital now, it's not quite the same as cash. In theory, a full CBDC could be ... (full story)