IMF Staff Introduce Four-Stage REDI Framework to Boost Global CBDC Adoption

Sep 22, 2024, 11:48 AM

The International Monetary Fund (IMF) staff has introduced the REDI framework to accelerate the adoption of Central Bank Digital Currencies (CBDCs) globally. The framework, unveiled in a paper on September 21, focuses on four key areas: regulation, education, design, and incentives. The IMF aims to implement inclusive strategies for intermediaries and end-users to spur CBDC adoption. The REDI framework is a high-level, four-stage strategy designed to enhance the global use of digital currencies issued by central banks.