Oh, the Irony: IMF Chief Touts Benefits of Cashless Future In Singapore, Just After a Major Bank Outage Shook the Island Nation

“This is not the time to turn back on central bank digital currencies,” Kirstalina Georgieva said. At the same time, Singapore’s central bank is advising the public to “carry some cash” as a contingency for further outages. As regular readers know, the IMF has been playing a significant…

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