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Toronto Centre Panel Examines COVID-19: Supervising the New Normal
On Friday, 17 April, Toronto Centre held an Executive Panel during the virtual Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group.
The panel, titled “COVID-19: Supervising the New Normal—using stablecoins to facilitate financial stability and inclusion in unprecedented times,” included senior experts from various international organizations. In his introductory remarks, Babak Abbaszadeh, CEO, Toronto Centre, noted that “recent stablecoins initiatives have highlighted the shortcomings in cross-border payments, and the importance of improving access to financial services especially for the 1.7 billion people globally who are unbanked.”
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