Central Bank Digital Currency (CBDC) represents a transformative evolution in the financial system, redefining how money is issued, distributed, and utilized in the economy. This training program is designed to equip participants with a comprehensive understanding of CBDC, its underlying principles, implementation challenges, and implications for the financial ecosystem.
Explore the fundamentals and objectives of CBDC.
Analyze the economic and financial implications of CBDC on monetary systems.
Explore the technological and operational frameworks required for CBDC implementation.
Assess the risks and opportunities associated with CBDC.
Ensure alignment of CBDC implementation with legal frameworks and international regulatory standards.
Central bank officials and policymakers.
Financial regulators and compliance officers.
Banking and fintech professionals.
Economists and financial analysts.
Technology leaders and digital currency enthusiasts.
Definition and purpose of CBDC.
Key differences between CBDC, cryptocurrencies, and stablecoins.
Objectives and motivations for introducing CBDC.
Overview of wholesale vs. retail CBDC.
Benefits and potential drawbacks of CBDC.
Impact on monetary policy and financial stability.
Role of CBDC in promoting financial inclusion.
Implications for traditional banking systems and intermediaries.
Effects on cross-border payments and remittances.
Addressing concerns about privacy and data security.
Key technologies underpinning CBDC: blockchain, distributed ledger, and cryptographic systems.
Designing secure and scalable CBDC platforms.
Interoperability with existing payment systems.
Operational considerations for issuance and distribution.
Leveraging fintech for CBDC implementation.
Identifying risks: cybersecurity, systemic risks, and operational challenges.
Managing risks associated with CBDC adoption.
Opportunities for innovation in payment systems.
Enhancing transparency and combating financial crime.
Strategies to build public trust and adoption.
Legal frameworks required for CBDC implementation.
Role of central banks in ensuring CBDC governance and oversight.
Addressing regulatory challenges in cross-border CBDC transactions.
Ensuring compliance with international standards and best practices.
Crafting policies to balance innovation with financial stability.