The IMF has not launched its own Central Banking Digital Currency - Full Fact

DCMA, a company called the Digital Currency Monetary Authority which created Unicoin, told Full Fact: “The definition of a central bank digital currency does not mean it must be literally backed by a central bank. Many private banks have issued their own coins and called it a CBDC. The meaning of CBDC has evolved in the industry from its initial inception.”

They added: “What we have launched is an ‘International CBDC.’ International is the operative word! Because there is no international / global central bank, legally, our coin is considered a ‘money commodity.’ However, it still functions as a CBDC for each central bank that adopts it.”quoted a financial counsellor at the IMF, though he isn’t actually talking about Unicoin. Later in the release it is clarified that the IMF has “not officially endorsed Universal Monetary Unit”.

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