IMF Advises Eastern Caribbean States to Trial Digital Currency

IMF suggested that a digital currency underpinned by blockchain would boost the resources and capacity of the Eastern Caribbean Currency Union (ECCU), a region that comprises St Kitts and Nevis, St Lucia, Anguilla, Antigua, and Barbuda, Dominica, Grenada, and St Vincent and Grenadines. Cautiously Trialing a CBDC is The Way, IMF Says On Friday, the International Monetary Fund (IMF) published a Concluding Statement after it visited the ECCU region for a regular mission. The fund concluded that the Citizenship by Investment (CBI) program was one of the key reasons why…