Kiffmeister’s FinTech Daily Digest (05/31/2020)

Some IMF staff oppose Marshall Islands cryptocurrency, but microstate presses on
Manrique Saenz, IMF Mission Chief to the Marshall Islands, in an email to Decrypt, reiterated some IMF staff’s opposition to the Marshall Island’s forthcoming SOV national digital currency. She said none of their initial concerns have been allayed, despite new developments in the digital currency sphere. However, Barak Ben-Ezer, co-founder of SFB Technologies, said that the SOV will be issued this year.

Reasons Fostering or Discouraging the Implementation of Central Bank-Backed Digital Currency: A Review
This study analyses the current debate around central bank-backed digital currency (CBDC). A comparative study was carried out considering countries for and against implementing a CBDC and their reasons, looking for common causes, differences, etc. The conclusion was that there are opposite tendencies between defenders and detractors of establishing a CBDC.

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