Banking, Insurance and Financial Services
Central Bank Digital Currency CBDC
Overview:
Introduction:
This training program educates on central bank-issued digital currencies' concept, design, and implementation. It equips professionals with the understanding and skills to assess and potentially adopt CBDCs.
Program Objectives:
At the end of this program, participant will be able to:
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Identify the requirements and circumstances that made the move to a regulated digital currency necessary.
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Recognize the key technology that will have the biggest impact on the world's banking, financial, and monetary systems.
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Define various forms of digital currency issued by central banks, including their implementation and compatibility.
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Identify the benefits and difficulties of constructing a central bank for digital currencies.
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Compare and contrast the various CBDC projects being carried out globally in terms of technology and cost.
Targeted Audience:
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VP’s and head of departments.
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Regulatory authorities directors.
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Central banks executives.
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Executives and C-level employees.
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Digital banking and Innovation teams.
Program Outline:
Unirt 1:
The Road to Central Bank Digital Currency:
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What is Money?
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Transition toward a cashless society.
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money economics.
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monetary exclusion.
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Financial and monetary difficulties.
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Bitcoin and other digital assets.
Unit 2:
Concepts of Central Bank Digital Currency:
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What is CBDC?
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CBDC models.
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Design consideration and protocols.
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Implications for the monetary system.
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Disintermediation of banks.
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CBDC governance.
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Interactive workshop: Design a new CBDC!
Unit 3:
Blockchain: The Revolutionary Technology:
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Distributed Ledger Technology.
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Technology for Distributed Ledgers.
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Describe Blockchain.
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Blockchain advantages.
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Different Blockchains.
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Participatory workshop The game of blockchain.
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The financial system and blockchain.
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Spending on blockchain.
Unit 4:
CBDC: Pros, Cons, Challenges & Risks:
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Advantages of CBDC.
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Disadvantages of CBDC.
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Commercial banks and CBDC: a system redesign?
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Challenges of interoperability.
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Security and privacy.
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Compliance and risk management.
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Technical challenges.
Unit 5:
Global CBDC Projects and International Landscape:
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China: Digital yuan.
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Bahamas: Sand Dollar.
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Sweden: E-krona.
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Saudi Arabia/UAE: Aber.
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ECB/France: Digital Euro.
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Discussing multiple central bank CBDC research reports.