According to Cointelegraph, the International Monetary Fund (IMF) has released the "Inclusive Strategy for the Adoption of Central Bank Digital Currency" guide, aiming to increase the adoption of central bank digital currency (CBDC) worldwide.

The guidelines recommend implementing inclusive strategies for intermediaries and end-users and introduce the REDI framework to help drive CBDC adoption.

IMF staff said successful CBDC adoption requires proactive strategic policy and design choices with a focus on stakeholder engagement.

The REDI framework consists of four key pillars: regulation, education, design and deployment, and incentives. The regulation section involves exploring potential regulatory and legislative measures.

The education section recommends developing a communication strategy to raise awareness of CBDC, with the central bank acting as a central point of communication. The design section emphasizes strategies for specific user groups and the creation of a broad network of intermediaries.

The incentives section suggests introducing monetary and non-monetary incentives, such as subsidizing merchants’ setup costs, transaction fees, and taxes, to encourage the large-scale adoption of CBDC.

The guidelines also encourage further discussion on existing issues such as the sustainability of CBDC systems, system integrity and the balance with financial stability.

Additionally, IMF executives said in August that raising the global average cost of electricity for cryptocurrency mining by 85% through taxes could significantly reduce carbon emissions.