Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.194)

194. 

The World Bank and the International Monetary Fund (IMF) have launched a private blockchain and quasi-crypto currency called __________.

[A]. Quasi Coin
[B]. Learning Coin
[C]. Block Coin
[D]. Smart Coin

Answer: Option B

Explanation:

Two international financial institutions the World Bank and the International Monetary Fund (IMF) have launched a private blockchain and quasi-crypto currency called as "Learning Coin" for better understanding of blockchain technology and the function of crypto assets. The asset will only be available for use within the IMF and the World Bank. It has no monetary value, means it is not a true cryptocurrency. After the testing period, the IMF and the World Bank may use blockchain technology to create smart contracts, fight money laundering, and improve transparency.

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