RE: IMF's Continuous Efforts To Present CBDCs As A Better Alternative
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Banking systems worldwide need to adapt more to the needs of their users and less to those of their owners. The user wants ownership, just as you shared it, the user wants autonomy. The war to discredit cryptocurrencies is palpable. However, the reality is that there is a great trend and their struggle is of little use when each country now wants to get its own currency, but not so ingenious as to please the autonomy they want. They themselves were the promoters of an evolution in banking systems due to their loss of credibility.
That's why I love hive for its self-sustaining possibilities.
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It will take some more time for countries to realize the benefits of utilizing decentralized systems for their economies. Many are at the mercy of international bankers like IMF and World Bank, because that's how they get the loans, don't pay back and pass the debt to the next generations.