There is no one size fits all for central bank digital currencies: IMF

The managing director of the International Monetary Fund (IMF) said that there is no single model of digital currencies for all countries, when central banks around the world are in the study phase.

The IMF estimates that nearly 100 countries are considering creating digital currencies, and on Wednesday published a study looking at six nations, including China, Sweden and the Bahamas, where digital money is already working or is being It is in an advanced testing phase.

In a speech on the report, IMF Managing Director Kristalina Georgieva said the main takeaway from early experiences was that there were lessons to be learned.