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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: 1232770.2 - https://www.itu.int/hub/2020/0...nclusion-imfs-john-kiff-video/
Data Source: un
Stablecoins – ITU Hub Stablecoins – ITU Hub ITU/UN tech agency - ITU Hub e-krona: Sweden’s journey to a central bank digital currency by ITU News More than 150 years after the world’s first electronic fund transfer was issued by Western Union, digital tech innovation continues to revolutionize the world of payments. While many countries have witnessed a downturn in cash use, Sweden’s case in the last decade was more striking than most.  The country’s  central bank, the […] The post e-krona: Sweden’s journey to a central bank digital currency appeared first on ITU Hub. Gearing up for DC3: Central bank digital currencies, stablecoins, and security By ITU News As the world embraces a cashless approach to transactions, digital currencies are taking centre stage. (...) To date, 68 central banks around the world […] The post Gearing up for DC3: Central bank digital currencies, stablecoins, and security appeared first on ITU Hub.
Language:English
Score: 1230831.8 - https://www.itu.int/hub/tag/stablecoins/feed/
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: 1225832.4 - https://www.itu.int/en/ITU-T/f...Bank%20Digital%20Currency.docx
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: 1224989.6 - https://www.cepal.org/sites/de...ased_settlement_frameworks.pdf
Data Source: un
Digital financial services – ITU Hub Digital financial services – ITU Hub ITU/UN tech agency - ITU Hub Bank of Jamaica CBDC rollout moves ahead By ITU News Only a few years ago, the concept of a central bank digital currency (CBDC) was not something central bankers seriously considered, including those in Jamaica. (...) Digital currency offers promising ways to make transactions more secure and cost-effective. (...) Gearing up for DC3: Central bank digital currencies, stablecoins, and security By ITU News As the world embraces a cashless approach to transactions, digital currencies are taking centre stage.
Language:English
Score: 1222554.3 - https://www.itu.int/hub/catego...gital-financial-services/feed/
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. (...) Center for Financial Regulation and Inclusion; • Dharmapalan, J. & McMahon, C., 2015. “The Case for Digital Fiat Currency: Central Bank Issued Digital Currency and its Impact on Financial Inclusion”. eCurrency; • Deshpande, M., 2018. (...) “The Economic Impact of Digital Fiat Currency: Opportunities and Challenges”.
Language:English
Score: 1221453.2 - https://www.itu.int/en/ITU-T/f...0Bank%20Digital%20Currency.pdf
Data Source: un
The Digital Currency Global Initiative is investigating areas where technical standards for Central Bank Digital Currency, Stablecoins, eMoney and cryptocurrency are required. He coordinated the work of the ITU-T Focus Group Digital Financial Services and ITU-T Focus Group Digital Currency including Digital Fiat Currency. (...) Peerapong Thonnagith  Assistant Director & Technical Lead, Digital Currency Team, Bank of Thailand ​Mr.Peerapong Thonnagith is currently an Assistant Director of Digital Currency team at the Bank of Thailand.
Language:English
Score: 1215694.2 - https://www.itu.int/en/ITU-T/W...nars/2022/0125/Pages/bios.aspx
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ITU and Stanford University to launch new partnership supporting pilots of Digital Fiat Currency News 15 Apr 2020 Share on Facebook Share on Twitter Share on LinkedIn Share via URL ITU and Stanford University have agreed to launch a new partnership to support pilot implementations of Digital Fiat Currency (DFC), digital currency authorized and issued by a Central Bank. (...) Central Banks see both opportunities and risks in digital currency. They aim to accommodate and capitalize on digital transformation, while preserving the controls that protect the stability and integrity of national currency. (...) “We want to make this the ‘clearing house’ for the technology for digital fiat currency,” says David Wen, DFC Institute, Chairman of the  ITU Focus Group on Digital Fiat Currency , which held its final meeting at ITU headquarters in Geneva, 12-14 June 2019.
Language:English
Score: 1215250.6 - https://www.itu.int/hub/2020/0...lots-of-digital-fiat-currency/
Data Source: un
Digital Currency Global Initiative Webinars Committed to connecting the world Search for: ITU General Secretariat Radiocommunication Standardization About ITU-T Events All Groups Standards Resources BSG Study Groups Regional Presence Join ITU-T Development ITU Telecom Members' Zone Join ITU Digital Currency Global Initiative Webinars Rollup Image You are here ITU > Home > ITU-T > Webinars > DCGI Share Page Content 20 ​   Call for speakers ​ ​​​ Design of Wholesale Central Bank Digital Currency​ 23 November 2021, 16:00 – 17:30 CET ​ Insights on Retail Central Bank Digital Currencies Implementation 19 November 2021, 15:00 – ​16:30 CET Page Content 9 Page Content 10 Page Content 18 Page Content 19 Page Content 6 Page Content 7 Page Content 11 Page Content 12 Page Content 2 Page Content 3 Page Content 4 Page Content 5 Page Content 13 Page Content 14 Page Content 15 Page Content 16 Follow us Twitter Facebook YouTube Flickr Linkedin Instagram Soundcloud Podcasts Spotify Spreaker TikTok © ITU All Rights Reserved Contact us Privacy notice Accessibility Report misconduct Back to top
Language:English
Score: 1209599.6 - https://www.itu.int/en/ITU-T/w...binars/dcgi/Pages/default.aspx
Data Source: un
Many African Central Banks are also considering digital currencies. SINGLE CURRENCY A single currency is a currency used by two or more members of an economic community. (...) Three forms of currency Union exist as described below: 1. Unilateral adoption of foreign currency, e.g: Liberia with U.S dollars. (...) Formal adoption: is the adoption of foreign currency by virtue of unilateral or multilateral agreement with the issuing Authority, sometimes supplemented by issues of local currency in currency peg regime.
Language:English
Score: 1203785.1 - https://www.uneca.org/sites/de...fta-implementation_aug2021.pdf
Data Source: un