Central bank digital currency is “changing the very nature of the international monetary system”, said Tobias Adrian, financial counsellor at the International Monetary Fund.

Speaking at the IMF and World Bank Spring Meetings on April 12, Adrian said programmable CBDC technology “gets at the core” of the IMF’s mandate. CBDC could provide another avenue to “take a crack at” anti-money laundering/combating the financing of terrorism (AML/CFT) issues, he added.

The governor of the Bank of