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 1999-2026 Worthy News. This article was originally published on Worthy News and was reproduced with permission.
Latest News from Worthy News
U.S. President Donald Trump announced Sunday that countries participating in his Gaza “Board of Peace” have pledged more than $5 billion toward humanitarian relief and reconstruction efforts in the Gaza Strip, along with committing thousands of personnel to support new security arrangements in the enclave.
An additional 27 members of Venezuelan transnational criminal organizations, Tren de Aragua and its splinter faction, anti-Tren, have been indicted in New York in an ongoing prosecution of groups the Trump administration has designated as foreign terrorist organizations.
Two pastors in eastern Uganda who were reportedly attacked by a group of Muslim extremists have been discharged from a hospital and are continuing to recover at home, Worthy News learned Sunday.
Western leaders sought to project unity at the 2026 Munich Security Conference despite tensions over U.S. interest in acquiring Greenland, differences on ending the war in Ukraine, and questions surrounding the future of transatlantic cooperation.
The Pentagon is deploying the Navy’s largest and most advanced aircraft carrier, the USS Gerald R. Ford, to the Middle East as the United States intensifies preparations for potential military action against Iran.
Hungarian Prime Minister Viktor Orbán said over the weekend that Hungary should fear the European Union more than Russia, pledging to dismantle what he called Brussels’ “oppressive machinery” ahead of heated parliamentary elections in April.
U.S. Secretary of State Marco Rubio has pledged to deepen cooperation with a group of four Central and Eastern European nations, including Hungary and Slovakia, despite concerns over their leaders’ perceived authoritarian style and refusal to provide military aid to war-torn Ukraine.