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Together, the outcomes from this survey and recommendations from the expert group meeting on opportunities and risks, associated with the advent of digital currency in the Caribbean will be used to formalize a study on the topic.  1. (...) Introductions, experiences, exposure and work with digital currencies 3. The current state of electronic payment and mobile money solutions in the region 4. Opportunities which digital currencies may present 5. Risks which digital currencies may present 6.
Language:English
Score: 1385974.9 - https://www.cepal.org/en/event...ciated-advent-digital-currency
Data Source: un
How digital currency could unify banking systems - ITU Hub This website will offer limited functionality in this browser. (...) That is how we think about digital currency at Stanford’s Future of Digital Currency Program. (...) We see growing demand for standards around digital currency and other digital assets. These standards will give further strength to the unifying force provided by ICT.
Language:English
Score: 1382475.7 - https://www.itu.int/hub/2020/0...y-could-unify-banking-systems/
Data Source: un
ECLAC - Caribbean Experts in the field of Digital Currency in the Caribbean reviewed the opportunities and risks associated with this type of currency at the Economic Commission for Latin America and the Caribbean (ECLAC) subregional headquarters for the Caribbean, on 12 March 2015. Experts addressed the potential impact that digital currencies may have on sectors such as banking, e-commerce and remittance, and will discuss whether the use of this new range of electronic payment technologies can enable improvements to electronic and mobile-based payment systems and low-cost remittance services. (...) ECLAC envisages that this second meeting will foster discussion and further facilitate exploratory research on the associated risks and potential benefits of digital currency use in the subregion. ECLAC also plans to review national policies to address the increasingly wide-spread use of cryptocurrencies, such as BitCoin, as well as other related technologies in the field of digital payments, with a view to determining how such new technologies will likely impact the Caribbean.  
Language:English
Score: 1382393.5 - https://www.cepal.org/en/notic...ent-digital-currency-caribbean
Data Source: un
How central bank digital currencies can boost financial inclusion: IMF’s John Kiff (VIDEO) News 15 Apr 2020 Share on Facebook Share on Twitter Share on LinkedIn Share via URL John Kiff of the International Monetary Fund (IMF) sat down for an interview last week with ITU during the final meeting of the  ITU Focus Group on Digital Currencies, including Digital Fiat Currency  – or digital currency authorized and issued by a central bank. (...) Challenges and opportunities Beyond the obvious uses of digital currencies and mobile money, central banks also look at digital currencies as a prod to encourage banks to offer digital services to clients. (...) “The successful implementation of the central bank digital currency … may not be massive take-up of central bank digital currency, but it could be that the banks will step up to the plate and start offering digital services to their clients,” says Kiff.
Language:English
Score: 1382077.7 - https://www.itu.int/hub/2020/0...nclusion-imfs-john-kiff-video/
Data Source: un
– Results of the third BIS survey on central bank digital currency, BIS Papers No. 114, January. 2 Federal Reserve Bank of St. (...) The ECB is exploring the possibility of a digital euro ledger and ensuring access to digital currency for people without internet connection. (...) The Eastern Caribbean Central Bank (ECCB) launched a digital currency called DCash in March 2021. In both cases, digital currency can be issued and distributed by licensed financial organizations and serves as finan- cial transactions between individuals and also between customers and businesses.
Language:English
Score: 1379965.5 - https://www.un.org/development...ation/Monthly_Briefing_163.pdf
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1 How to subscribe to Digital Currency Global Initiative mailing list & collaboration site Signing up to mailing list will allow you to receive information about the Digital Currency Global Initiative activities and upcoming meetings, and also exchange information with your peers on digital currency by sending the email you want to be distributed to dcgi@lists.itu.int. (...) You are now registered on the Digital Currency Global Initiative mailing list and Collaboration site! (...) How do I access the collaboration website of the Digital Currency Global Initiative and its Working Groups?
Language:English
Score: 1379734.9 - https://www.itu.int/en/ITU-T/e...and%20collaboration%20site.pdf
Data Source: un
TSAG set up the ITU-T Focus Group Digital Currency Including Digital Fiat Currency (FG DFC) at its meeting in May 2017. (...) Regulatory Challenges and Risks for Central Bank Digital Currency About this report This report was written by Rohan Grey, Cornell School of Law with inputs from the Regulatory Requirements and Economic Impact Working Group of the ITU-T Focus Group Digital Currency including Digital Fiat Currency. (...) “The Economic Impact of Digital Fiat Currency: Opportunities and Challenges”.
Language:English
Score: 1379473.5 - https://www.itu.int/en/ITU-T/f...Bank%20Digital%20Currency.docx
Data Source: un
Modelo de Apresentação 2017 - Básico 1 Currency in the Digital Era CENTRAL BANK OF BRAZIL July/2018 (Working Paper) 2 Disclaimer: “The views expressed in this work are those of the authors and do not necessarily reflect those of the Banco Central do Brasil” July/2018 3 Banking secrecy maintained No drastic change in the money supply model Interoperable 24/7 (independent from the BCB) Instantaneous + focused on small values No banking disintermediation Preserves the fundamental roles of the Central Bank Objective The study explores the creation of an alternative digital payment solution as a de facto substitute for our fiat currency 4 PC DFC Physical Currency Digital Fiat Currency 23,3 Bi Transportation Custody Sorting ATMs Security Others Issuance/acquisition Custody Transportation Sorting Destruction Others 5 BCB costs So u rc e : B C B /M EC IR So u rc e : F EB R A B A N So u rc e : A B EC S Cash Cycle in Brazil FIs costs Costs of other stakeholders Estimated total cost per year in USD PC DFC Digital Fiat Currency 6 PC DFC Physical Currency Digital Fiat Currency 7 ↓ Expenditures relatedto the cash cycle ↑ Overall efficiency and resiliency of payment systems and money supply ↑ Traceability and data ↑ Financial inclusion and digital citzenship Advantages 8 Characteristics of the proposed architeture NO Banking desintermediation Digital wallets are associated with FIs No direct accounts with the Central Bank PRESERVES The essence of physical cash AVOIDS Bank runs during financial crises Limits: Reserve requirements do not apply to withdrawed DFC Non-bearing interest  Withdrawal and transfer sizes  Amount deposited  Number of accounts/users Legal and Regulatory Monetary Policy Economic Policy Payment Systems and Infrastructure 9 Relevant tasks to accomplish Map opportunities and risks Evaluate the need to adapt legal and regulatory frameworks Identify economic impacts related to the model and its effects on GDP Conciliate potential competition with other payment methods Overcome limitations in mobile and data infrastructure Promote the adoption and disseminate knowledge 10 What could be next?
Language:English
Score: 1379401.8 - https://www.itu.int/en/ITU-T/W...718/Documents/B_Batavia_PV.pdf
Data Source: un
The (potential) impact of digital fiat currency on the international monetary system THE (POTENTIAL) IMPACT OF DIGITAL FIAT CURRENCY ON THE INTERNATIONAL MONETARY SYSTEM MARIANA MAGALDI DE SOUSA CENTER FOR RESEARCH AND TEACHING IN ECONOMICS (CIDE), MEXICO WORKSHOP ON STANDARDS FOR DIGITAL FIAT CURRENCY, 12 OCTOBER 2017, BEIJING (CHINA) POINT OF DEPARTURE • Imagine a world of DFCs with the following characteristics: • Account-based • Interest-bearing • Denominated in each country’s currency • No technological barriers • What impact would the adoption of DFCs have the on International Monetary System (IMS)? (...) • DFC with certain characteristics can serve as a practically costless medium of exchange, secure store of value and unit of account => serve the traditional functions of money better than cash itself => obsolescence of cash • Scale economies in DFC use can deliver efficiency in international transactions => rise in the demand for DFC both at individual and government level • Decrease the demand for US dollars (as only reserve currency) => diversification out of dollars • Network effects could lead to either a mono-currency system or multiple/competing reserve currencies system overtime. => a (partial) solution to problems of current IMS IMPLICATIONS FOR STANDARDS ON DIGITAL FIAT CURRENCY • What DFC characteristics can best ensure that DFCs serve the 3 main functions of money: medium of exchange, store of value and unit of account? (...) • Overcoming excess inertia that currently benefits paper currency may vary across countries. What determines demand for DFCs across countries?
Language:English
Score: 1378676 - https://www.itu.int/en/ITU-T/W.../Documents/3.%20S1_deSousa.pdf
Data Source: un
Such an event would undermine confidence in a digital currency and substantially reduce its value. (...) The centralized model The concern over monetary sovereignty, in particular, may lead central banks to consider the establishment of their own digital currencies, commonly referred to as “central bank-issued digital currencies” (CBDCs) 11 . This model entails the direct issuance of digital currency by central banks, either in parallel with or as a replacement for existing paper currencies.
Language:English
Score: 1378387.3 - https://www.cepal.org/sites/de...ased_settlement_frameworks.pdf
Data Source: un