IMF: Central banks should consider issuing digital currency

Baku. 14 November. REPORT.AZ/ International Monetary Fund head Christine Lagarde said central banks around the world should consider issuing digital currency, Report informs citing BBC News.

Speaking in Singapore, Ms Lagarde said this could make digital currency transactions safer.

Ms Lagarde said central banks in Canada, China, Sweden and Uruguay were all "seriously considering" digital currency proposals.

Although the technology underlying digital assets has been praised for speeding up financial transactions and reducing costs, the anonymity behind cryptocurrency trading has prompted concern among regulators.

She added that while the case for digital currency "is not universal" it should be investigated "seriously, carefully and creatively".