This week the International Monetary Fund (IMF) once again put its weight behind the revolutionary idea of a Central Bank Digital Currency (CBDC). Christine Lagarde, the head of the International Monetary Fund, stated at a fintech conference in Singapore on Wednesday: "Technology will change, and so must we. Lest we remain the last leaf on a dead branch, the others having decided to fly with the wind." She also added that the state might have a role to play in supplying money to the digital economy. Ms. Lagarde said there are lots of benefits to it. Some of the benefits she pointed out include safe, semi-anonymous, cheap, and fast payments. This would also enable central banks to maintain a sure footing in payments, she said. Some central banks, such as Bank of Canada and Norway's Norges Bank, have conducted studies to see if it's a good idea for them to step beyond the duty of printing currency notes and into the realm of financial tech, where electronic tokens can be generated.