IMF He Dong: authorized for cross-border payments using digital bank accounts.

According to the October 25 Financial Research Report, International Monetary Fund (IMF) Vice President of Finance and Investment Heo Dong told the 2020 Bund Financial Summit that many financial institutions Banking digital currencies are now focused on domestic use, but some central bank experiences have shown that it can use central bank digital currencies for cross-border payments. Whether or not to authorize a digital bank account globally is a matter of policy choice and technological development, he said.