2 years ago
The International Monetary Fund (IMF) said successful a connection to CryptoSlate that it is not progressive with the purported CBDC named Unicoin.
IMF denies engagement successful Unicoin
On April 10, the Digital Currency Monetary Authority (DCMA) announced a cardinal slope integer currency called the Universal Monetary Unit (UMU) oregon Unicoin.
The IMF has denied each connections to that project, stating:
“The IMF has nary engagement successful the DCMA oregon Unicoin.”
The DCMA’s original property release acknowledges that the IMF “has not officially endorsed Universal Monetary Unit.” Rather, it says that the IMF has simply reviewed the project’s whitepaper and has not objected to definite task details.
Confusion astir the IMF’s ties to Unicoin seems to beryllium owed to the information that the DCMA announced the motorboat of Unicoin during the IMF’s Spring Meetings.
That transportation led assorted sources to suggest that the IMF was straight progressive successful the asset’s creation. In an April 10 header that has since been edited, quality tract Kitco stated that the IMF itself was liable for “unveiling” Unicoin.
Similar wording was aboriginal utilized successful headlines from different high-profile sites, including Investing.com, Altcoin Investor, and ZeroHedge.
Unicoin has fewer notable connections
Unicoin does not look to beryllium issued by immoderate cardinal slope contempt the DCMA’s purported engagement with governments.
The DCMA, contempt its name, is not a authorities authorization but alternatively claims to enactment with authorities. As such, Unicoin — if it exists successful a usable signifier — is much accurately described arsenic a backstage stablecoin than a CBDC.
Furthermore, the steadfast appears to person been founded conscionable years ago. It has fewer notable connections contempt its self-proclaimed presumption arsenic a “world leader.”
The station IMF denies engagement successful purported CBDC appeared archetypal connected CryptoSlate.
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