Most members of the crypto community oppose the idea, calling it a “dystopian nightmare”, since the government will gain full control over people.

On Twitter and Reddit, users came to the conclusion that the CBDC is another attempt by the IMF to get more information about a person. In their opinion, the authorities and other organizations should not have the right to decide which money is better.

At the round table, Tobias Adrian, Director of the Monetary Policy and Capital Markets Department, said that the IMF is developing a new system for cross-border payments. It will use a single register to store information about transactions using cryptocurrencies. According to the expert, the platform will allow you to quickly exchange digital money between countries in any currencies without any restrictions.