by Emmitt Barry, Worthy News Correspondent
(Worthy News) – The International Monetary Fund (IMF) has launched a virtual handbook on Central Bank Digital Currency (CBDC) to serve as a reference guide for Central Banks, aiming to facilitate the implementation of CBDCs and the transition towards a cashless society. However, concerns have been raised about potential heightened government interference in individuals’ personal finances.
The CBDC Virtual Handbook, developed by the IMF, is designed to expedite the implementation of Central Bank Digital Currencies (CBDCs). It aims to gather and share knowledge, lessons, empirical findings, and frameworks with policymakers to facilitate a transition to a cashless society.
Last week, IMF Managing Director Kristalina Georgieva said, “CBDCs can replace cash, which is costly to distribute in island economies.”
Critics warn Central Bank Digital Currencies (CBDCs) lack significant anonymity, unlike cryptocurrency transactions. In contrast to cryptocurrency transactions recorded on an anonymous blockchain system, CBDC transactions will be logged by the central bank that issues them.
Pundits warn that a social credit scoring system developed in China is trying to be implemented in the West, with CBDCs playing a pivotal role. Adding to the concerns, many Bible prophecy teachers warn that the framework developed by the IMF could be used in the future to align with a 2000-year-old prophecy “that no one would be able to buy or sell, except the one who has the mark. [Revelation 13:17]“
Copyright 1999-2025 Worthy News. This article was originally published on Worthy News and was reproduced with permission.
Latest News from Worthy News
A large mass protest dubbed the “Trillion Peso March” was underway in the Philippine capital Manila Sunday amid mounting anger over alleged government corruption involving billions of pesos in flood control projects.
President Donald Trump officially designated Antifa a domestic terror organization Monday evening, allowing the federal government to “utilize all applicable authorities to investigate, disrupt, and dismantle any and all illegal operations.”
China is preparing to evacuate 400,000 people as Super Typhoon Ragasa barrels toward its southeastern coast, after slamming the Philippines and Taiwan with destructive winds, torrential rains, and life-threatening storm surges.
The row over Bagram Air Base has escalated sharply, with U.S. President Donald Trump warning of “bad things” if the site is not returned to American control and Taliban leaders vowing to resist any attempt to reclaim it.
Three Russian military jets violated NATO military alliance member Estonia’s airspace for 12 minutes on Friday in an “unprecedentedly brazen” incursion, its government said, prompting Italian F-35 stealth fighters to respond.
he United Nations Security Council is facing sharp criticism after scheduling a meeting on the Gaza war for Tuesday afternoon–directly overlapping with the Jewish holiday of Rosh Hashanah.
The World Health Organization (WHO) has introduced new global health regulations that critics warn will lead to more global surveillance.