World's Central Banks to Recieve Digital Currency Handbook From the IMF

The International Monetary Fund (IMF) released a handbook for central banks on implementing central bank digital currencies (CBDCs), suggesting they could reduce global reliance on the U.S. dollar. The IMF highlights risks, including potential bank runs and impacts on commercial bank lending. Meanwhile, U.S. lawmakers, concerned about privacy and financial surveillance, are pushing back against a U.S. government-issued CBDC. Republican Representative Tom Emmer introduced the CBDC Anti-Surveillance State Act to prevent the Federal Reserve from issuing CBDCs to individuals, citing risks to Americans’ financial privacy and the independence of the financial system.