“Learning Coin?”

Earlier this month, the International Monetary Fund (IMF) and the World Bank collaborated to launch their own private blockchain platform and digital asset called “Learning Coin,” according to a report by the Financial Times.

This will be a private “quasi-cryptocurrency” used to help expand the institution’s knowledge and understanding of blockchain and distributed ledger technology.

“The development of crypto-assets and distributed ledger technology is evolving rapidly, as is the amount of information (both neutral and vested) surrounding it.

This is forcing central banks, regulators and financial institutions to recognize a growing knowledge gap between the legislators, policymakers, economists and the technology.

This project begins to bridge that gap and form a strong knowledge base of the technology among IMF and World Bank staff.”IMF statement, Financial Times

It’s also likely that other institutions are still in the experimentation phase with cryptocurrencies and their underlying technology, but the move shows that the financial industry is slowly becoming more accustomed to the new technology and procedures, such as storing digital assets, address formats, cryptographic key pairs, and the different types of algorithms used.

The IMF has been keeping up with blockchain technology. On the IMF news page, when using the keyword “blockchain” in the search bar, there are regular posts regarding banks and technology trials. It would appear that the IMF is quite open and publicly interested in the latest developments of digital assets.

93% Of Investors Generate Annual Returns, Which Barely Beat Inflation.

Wealth Education and Investment Principles Are Hidden From Public Database On Purpose!

Build The Knowledge Base To Set Yourself Up For A Wealthy Retirement and Leverage The Relationships We Are Forming With Proven Small-Cap Management Teams To Hit Grand-Slams!

    IMF Recognizes the Potential of Distributed Ledger Technology 

    In a short interview with IMF head Christine Lagarde, acknowledgement was given to the fact that blockchain and similar technology is disrupting and “changing the business model of commercial banks.”

    Another key takeaway from Lagarde is that regulators are warming up to and catching up with rapidly developing technologies.

    By using the “Learning Coin” and its platform to create a deeper understanding of cryptocurrencies (whether it’s good or bad), the IMF and World Bank could utilize smart contract technology to combat money laundering and have greater efficiency with tracking and processing data.

    Central banks could be using blockchain-inspired technology sooner than many expected!

    This is not investment advice; please always do thorough research and only invest what you are willing to lose, especially in times of uncertainty.

    Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!

    Protect Yourself Now, By Building A Fully-Hedged Financial Fortress!

      Legal Notice: This work is based on public filings, current events, interviews, corporate press releases, and what we’ve learned as financial journalists. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment, or tax professional should be sought.  Never base any decision off of our emails.  Never base any decision off of our emails. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say. Please review our entire disclaimer at CrushTheStreet.com.