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The International Monetary Fund (IMF) has presented the contours of the “new class” of the transcordon payment system, both secure and not otherwise, a single book for registering digital currency transactions to the central bank (CBDC), the possibility of programming and reduced management information Yu.
Officials of the IMF chose a round table of attachments to the CBDC policy to reveal their new concept of the 19th platform. At the meeting, held jointly with the Central Bank of Morocco, Tobias Adrian, Director of the Department of Gross Credit Markets and Capital Markets of the IMF, said that a new type of platform can bring a lot of money to a lot of money and legal fees to lower fees and the last hour of transactions ii. Vin said:
“Deyakі z 45 blіardіv dolariіv, yakі shhoroku vypachuyutsya pochalniki penny rekazіv, can then turn to the guts of the bіdnih”.
In addition, the platform will help central banks to intervene in the foreign exchange market, collect information about capital flows and make super money, Adrian said. In other words, the platform can also be adapted for an in-house wholesale and retail CBDC.
The details of the platform, which took away the name XC (platform of trans-cordon payments and settlement of contracts), were included in the IMF note on financial technologies, written by a co-author with Adrian and published on the same day. Vin describing the proposition:
“Platform XC to promote a single book – a document that represents the rights of power – on which you can exchange a standardized digital representation of central bank reserves in any currency.”
The XC platform is split over a wide range of CBDC infrastructure. Buv bi ball of the settlement with a single book. Access to the new one will be expanded. Narazi establish a responsible mother of the reserve account at the central bank for the creation of transcordon operations, and the XC platform will allow the trading of tokenized reserves of the national central bank. Liquidity all the same will be found in the installation with backup cabinets.
Behind the topic: CBDC distributions bring unprecedented “reward” to the financial system – IMF Director
Programming riven zaproponuє mozhlivіst іnnovatsіy і nalashtuvannya serg. Informational level of the AML details, necessary for the understanding of minds and trust in the protection of confidentiality.
Merci beaucoup cher gouverneur Jouahri for your warm hospitality & for co-hosting this CBDC conference w/ the IMF.
By working together to harness the benefits of CBDCs, we can improve financial inclusion, make payment systems more resilient & efficient.https://t.co/HJNL9cAax3 pic.twitter.com/ZXoVu6wEw8
— Kristalina Georgieva (@KGeorgieva) June 19, 2023
The XC platform does not require any CBDC. The platform is to secure mutually between assets and pennies, tokenization of the private sector, and “to secure the standard and secure medium for programming financial contracts”, the shards of the fundraising are to be paid pennies to the central bank.
It means that the CEO of Bank for International Settlements, Agustin Carstens, propagated a similar concept in his speech in a fierce manner.