# Crypto’s adaptability, openness key to ideal monetary system, say BIS execs

# Crypto’s adaptability, openness key to ideal monetary system, say BIS execs

” Crypto’s adaptability, openness key to ideal monetary system, say BIS execs “ Governments across the globe see central bank digital currencies (CBDC) as a means to improve the existing fiat ecosystem. Cryptocurrency’s technical prowess supported by the central bank’s underlying trust is key to enabling a rich monetary ecosystem, suggests an International Monetary Fund…

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# IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments

# IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments

” IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments “ An International Monetary Fund (IMF) study on energy consumption revealed the importance of design choices within the crypto ecosystem to build an environmentally friendly mainstream payment system. In the study entitled “Digital Currencies and Energy Consumption,” the IMF examined the energy consumption of crypto assets based on…

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