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CBDCs
The Future of Finance Meetings for 2021 will bring together a variety of high-profile financial speakers. We will host a series of discussions, articles and interviews across all of our chosen themes: Data, Digital Identity, Securities, Asset Management, Law and Regulation, Payments, Money, Insurance, Pensions, Real Estate, Technology and Funding FinTechs. Follow this page for further updates.
Is this how CBDCs will happen in the major global currencies?
A Future of Finance webinar February 23 at 2pm UK time When it came to digital money useable on blockchain networks, the choice between central bank money and commercial bank money used to feel binary: Stablecoins and tokenised deposits and e-money were stopgaps pending the introduction of CBDCs. But as the threat of Stablecoins that…
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A thousand dApps will bloom on the solid foundations of CBDCs
Key Insights From This Interview The global consensus on the need to regulate asset-backed Stablecoins, and in particular to restrict issuance to banks, means these instruments are effectively being brought within the regulations applied to the banking industry (1). Being regulated as a bank entails obligations but also brings privileges, such as access to central…
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A thousand dApps will bloom on the solid foundations of CBDCs
A Future of Finance interview with Ricardo Correia, Head of Digital Currencies at R3. Dominic Hobson 00:14: Hello, I’m Dominic Hobson, co-founder of Future of Finance, spoke to Ricardo Correia, head of digital currencies at R3, where he leads a team that is working with central banks and financial institutions that are exploring CBDCs and…
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Embrace this digital future or die – Summary
This is the summary of a discussion hosted by Future of Finance in London on 20 September. A presentation by Dr Ian Hunt on his recently published paper, Digital Issuance – An Optimal Model for Digital Assets and Transactions, was followed by a discussion with an expert panel and the members of an invited audience,…
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Has reform of cross border payments lost its mojo?
A summary of the webinar of June 22 2022 entitled Has reform of cross border payments lost its mojo? SUMMARY 5.14 Is progress towards cheaper, faster, more accessible and more transparent cross-border payments too slow? Making cross- border payments faster, cheaper, more accessible and more transparent in terms of cost has support at the highest political…
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How VP Bank is tokenising collectibles for clients of its private banking services
How VP Bank is tokenising collectibles for clients of its private banking services Liechtenstein is one financial jurisdiction which has embraced the blockchain enthusiastically. It has since January 2020 had in place comprehensive legislation covering all aspects of tokenisation in the shape of the Token and Trustworthy Technologies Service Provider Act (TVTG). The Act is,…
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KYC, AML, CFT and sanctions screening checks are a bad answer to a real problem
KYC, AML, CFT and sanctions screening checks are a bad answer to a real problem Many business decisions are baffling. But on the face of it none is as bewildering as the decision by banks, asset managers, wealth managers, private banks, insurance companies and FinTechs to spend hundreds of billions of dollars a year on…
Keep readingIt’s time to start thinking about CBDCs as an intelligent form of QE
It’s time to start thinking about CBDCs as an intelligent form of QE No one central bank digital currency (CBDC) is ever quite the same as another. But so far every CBDC project has focused largely on the technicalities of making payments – by or to unbanked consumers or businesses, or between counterparties across national…
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Are central banks thinking radically enough about CBDCs?
A summary of the webinar of May 18 2022 entitled Are central banks thinking radically enough about CBDCs? CBDCS are widely expected to be the key to unlocking the potential of tokenisation as a technique for transforming payments and securities issuance, trading, servicing and safekeeping, and for bringing a host of new asset classes –…
Keep readingHas reform of cross border payments lost its mojo? (22 June 2022)
A Future of Finance webinar with payments professionals, banks, payments infrastructure, regulators and technology companies Wednesday June 22 at 2pm UK time Cross-border payments are, in the now familiar mantra of the G20, slow, expensive, opaque and inaccessible. This matters because, despite a slowdown in the rate of growth of world trade, cross-border payments are…
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Are central banks thinking radically enough about CBDCs? (18 May 2022)
The Webinar May 18 at 2pm UK time “We have yet to hear a convincing case for why the UK needs a retail Central Bank Digital Currency (CBDC),” concluded a report of January 2022 from the Economic Affairs Committee of the House of Lords. “While a CBDC may provide some advantages, it could present significant…
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The waiting for CBDCs is almost over and the ordeal of the incumbents is about to begin
A summary of the webinar of 23 November 2021 entitled The waiting for CBDCs is almost over and the ordeal of the incumbents is about to begin. Interest in CBDCs at central banks is almost universal, but the spectrum of stages of development is wide. The most advanced jurisdictions are, with the exception of China,…
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The waiting for CBDCs is almost over and the ordeal of the incumbents is about to begin (23 November 2021)
A Future of Finance Webinar with Central Banks, Banks, Payment Organisations, Regulators and Technology Companies Tuesday November 23 2021, 14.00 – 15.00 UK time Perhaps one jurisdiction and a half have actually launched a Central Bank Digital Currency (CBDC). But the second largest economy in the world (China) is now promising to turn its pilot…
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CBDCs Summary ‘The message from CBDCs to payments banks is innovate or die’
THE SUMMARY, HIGHLIGHTS AND FULL VIDEO (AT BOTTOM OF PAGE) OF THE CBDCS DISCUSSION JULY 21 1. Is a two-tier system, in which central banks provide the infrastructure and commercial banks provide the customer-facing services a settled model for building a CBDC? In an article on CBDCs in its 2021 annual report the Bank for…
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THE MESSAGE FROM CBDCS TO PAYMENTS BANKS IS INNOVATE OR DIE CBDCS PART III (21st July 2021)
A FUTURE OF FINANCE WEBINAR WITH CENTRAL BANKS, BANKS, REGULATORS, TECHNOLOGY COMPANIES AND DIGITAL ASSET INFRASTRUCTURE PARTICIPANTS Wednesday July 21 2021, 14.00 – 15.00 UK time
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The Engineering and Design Problems of Building a US Dollar CBDC
The central bank that runs the major global reserve currency has largely resisted the temptation to join the increasingly animated debate about central bank digital currencies (CBDCs). But this summer will see the publication by the Federal Reserve of a major consultation paper on making the US dollar available as a CBDC.
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The Eastern Caribbean Central Bank joins the CBDC pioneers as DCash is launched
Central Bank Digital Currencies (CBDCs) are happening. On the last day of March 2021, the Eastern Caribbean Central Bank (ECCB) became the first central bank in the world to launch a retail CBDC in a currency union.
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CBDCs Part II Summary 16 January 2021
A SUMMARY AND FULL REVIEW OF THE DISCUSSION AT THE WEBINAR ON 16 JANUARY 2021 Tuesday February 9 2021, 14.00 – 15.00 UK time
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Interview with Daniel Eidan
Daniel Eidan is solutions architect and global CBDC and payments lead at R3, the distributed ledger technology firm.
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Central Bank Digital Currencies Review
A SUMMARY AND FULL REVIEW OF THE DISCUSSION AT THE WEBINAR ON 7 JULY 2020 PART I
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Bank of England consultation paper is too coy about the consequences of a CBDC
The main reason that central banks are cautious about issuing central bank digital currencies is that they threaten to undermine the source of funding of the commercial banks, and therefore their ability to lend. It is hard to see how this risk can be avoided.
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French CBDC strategy is characteristically conservative
With virtually every central bank on the planet investigating the risks and benefits of central bank digital currencies (CBDCs) it is easy to lose sight of the differences between their approaches. The Banque de France, in keeping with its longstanding suspicion of market-led innovation, is trying to control the pace of the digital currency revolution.
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CENTRAL BANK DIGITAL CURRENCIES PART II (12th January 2021)
CENTRAL BANK DIGITAL CURRENCIES PART II (12th January 2021) A FUTURE OF FINANCE WEBINAR WITH CENTRAL BANKERS, TECHNOLOGY INNOVATORS, BLOCKCHAIN EXPERTS AND BANKS Tuesday 12 January 2021, 14.00 – 15.00 UK Time A summary and recording of the first discussion can be found here Questions posed from CBDC discussion Part I in July 2020 which will…
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CENTRAL BANK DIGITAL CURRENCIES (7TH JULY 2020)
CENTRAL BANK DIGITAL CURRENCIES(7TH JULY 2020) A FUTURE OF FINANCE WEBINAR WITH CENTRAL BANKERS, BLOCKCHAIN NETWORKS AND BANKS Tuesday 7 July 2020 2.00-3.00 pm UK time One in four people now live in a jurisdiction where the central bank is exploring whether to issue a Central Bank Digital Currency (CBDC), and one in ten of those central banks…
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