Topic: Cecilia Skingsley

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Junk Fees
Episode 1498 55:20 - 58:32

1498: Junk Fees

IMF Symposium on CBDCs and Financial Inclusion

Cecilia Skingsley of the Bank for International Settlements spoke at an IMF symposium regarding the implementation of CBDCs. The discussion focused on "financial inclusion" for the unbanked, though critics suggest the system requires a digital ID and creates a permanent digital footprint for all transactions.