IMF offers a glimpse at the perils of central bank digital currencies

A new handbook from the International Monetary Fund embraces the potential of cryptocurrency while highlighting the dangers inherent in state dominance of the means of storing and exchanging value.

The IMF and the central banks it serves see cryptocurrency as the wave of the future and want in on the action.

But central banks are government entities, and what officials want is not what is desired by people needing reliable means of making and receiving payments.

The Federal Reserve says it is "committed to hearing a wide range of voices on these topics" The U.S. House of Representatives voted to prohibit the Federal Reserve from issuing a CBDC earlier this year .

The bill stalled in the Senate , but an important element of freedom remains up in the air.