“We are planning to start our own work on digital currencies. We place high importance on digitalization.”
In late June, a paper from the International Monetary Fund (IMF) predicts that central banks would start issuing digital currencies in the near future. Citing a central bank digital currency pilot program in Uruguay as precedent, IMF noted a number of projects that are close to testing hailing from Bahamas, China, Eastern Caribbean Currency Union, Sweden and Ukraine.
A number of blockchain-based infrastructure initiatives have been in progress across the globe. For instance, the mayor of Seoul, South Korea, announced in May that the government would implement blockchain technology in its citizen ID cards.
Image Source – Pixabay.com