Mar 9, 2020
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IMF Economist Says Blockchains Adoption Must Not be Rushed

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  • Sonja Davidovic has warned banks not to get involved with blockchain technology and first analyse it further before any steps are taken.
  • Davidovic claims that central banks face huge risks with these technologies.

At the end of last week, three cryptocurrency experts talked about the challenges and prospects of central-bank issued digital currencies at the Massachusetts Institute of Technology (MIT) Bitcoin Expo 2020.

The experts in question were very well aware that distributed ledger technology could improve the existing level of the monetary system and argued that there will be significant challenges ahead in regards to privacy and scalability of blockchains.

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