I think the IMF knows very well that the rise and adoption of cryptocurrencies have a huge potential to displace and overshadow currencies such as CBDCs and therefore, the IMF itself.The rise of decentralized platforms and applications prove it[1]. And the case of El Salvador is a strong initiative to detach itself from the IMF's "virtuous designs". Currently, 190 countries are members of the IMF [2]. I wonder, what will happen to the IMF if progressively the member countries will adopt similar initiatives like El Salvador's? in my opinion, it would be the end of a new beginning of a decentralized financial system managed by digital communities.
RE: CBDC - Struggle To Protect Central Banks And Fiat System