IMF examines CBDC design in context of Islamic banking, finds some risks magnified

by Aurelia Butler 20 March 2023, 22:20 159 Views

The Islamic financial system accounts for less than 2% of global finance, but it is present in 34 countries and systemically important in 15 jurisdictions. Only two countries, Iran and Sudan, have fully Islamic banking systems. Ten countries with an Islamic financial presence, including Iran, are currently considering CBDCs, according to the paper.

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IMF examines CBDC design in context of Islamic banking, finds some risks magnified

ECB’s Holzmann waters down call for three more rate hikes

Manta Network seeks to bring privacy to nonfungible crypto assets with new NPO platform

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