IMF Unveils Unicoin – a Global CBDC

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IMF Unveils Unicoin – a Global CBDC
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The IMF’s Spring Meetings this year saw the announcement of the organization’s own, “international central bank digital currency” called the Universal Monetary Unit (UMU, aka Unicoin). The IMF said in a statement that UMU functions like a CBDC and is a legal and global money commodity. The purpose of this particular iteration of a CBDCs is to make sure banking regulations are enforced, as well as to protect “the financial integrity of the international banking system.” This currency will be used by banks via SWIFT codes and bank accounts linked to a UMU digital wallet. The scheme is supposed to allow for digital cross-border payments modeled after SWIFT, and promises best wholesale exchange rates of settlement currencies and real-time settlement, “while bypassing the correspondent banking system.”

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    I truly love your site.. Great colors & theme. Did you develop this amazing site yourself? Please reply back as I’m hoping to create my own site and would love to know where you got this from or exactly what the theme is named. Appreciate it!

  719. hacked wp-admin · Edit

    Having read this I thought it was rather enlightening. I appreciate you finding the time and effort to put this short article together. I once again find myself personally spending a significant amount of time both reading and commenting. But so what, it was still worthwhile!

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