International monetary fund proposes REDI framework to promote CBDC adoption
On September 21, the international monetary fund released the report "Inclusive Strategies for Central Bank Digital Currency Adoption for Intermediaries and Users". The report recommends implementing an inclusive strategy for intermediaries and end users. The report introduces a high-level regulatory, educational, design and deployment, and incentive measures (REDI) framework to help drive CBDC adoption.
International monetary fund staff said that successful adoption of CBDCs requires aggressive strategic policy and design choices that benefit end users and intermediaries. They therefore urged central banks to focus on stakeholder engagement.
The REDI framework was developed by international monetary fund staff to help central banks improve the adoption of CBDCs.