Digital Currencies beyond Borders: International Implications of CBDCs

Today, cross-border payment systems are far from being frictionless and efficient. According to data by the World Bank, for cross-border payments, on average, more than 7% transaction fees are charged. Central bank digital currencies (CBDCs) have the potential to improve these international payment processes in various ways. At this point, standardization, harmonization and interoperability between domestic payment systems with possible different payment arrangements become strikingly important. A committed cooperation to build a bridge between multi-currency cross-border payments through an enhanced financial infrastructure with the design principles supporting privacy, security, fairness, efficiency, inclusivity, and legal compliance would bring about a promising solution. Additionally, international implications of CBDCs need to be further studied as CBDCs could impact exchange rates, international capital flows, and, in general, also the supremacy of specific currencies.

In particular, in this webinar, we focus on the international dimension of CBDCs and, amongst others, address the following questions:

• What is the potential of CBDCs in improving today’s cross-border payment systems?
• In which ways can the interoperability of multiple domestic CBDCs be achieved?
• What are the international implications of CBDCs?
• How could CBDCs impact worldwide capital flows and exchange rates?
• Which CBDC design principles may impact the international implications of CBDCs?
• In which ways can an interoperable multi-currency financial infrastructure be built upon the best CBDC design principles?

During the webinar, you will also have the opportunity to ask direct questions to the speakers.

Panelists

• Dr. Jon Frost, Senior Economist, Bank for International Settlements
• John Velissarios, Global Managing Director Blockchain and Multiparty Systems, Digital Assets, Custody & CBDC Lead, Accenture
• Dr. Taojun Xie, Senior Research Fellow, National University of Singapore
• Ashley Lannquist, Project Lead, Blockchain & Digital Currency, World Economic Forum
• Jonas Gross, Co-founder, and member, Digital Euro Association (DEA)

Location and Date

Location: Online Streaming via YouTube. Details for the live broadcast will be sent to you on the day of the event (no prior software installation required)

Date: June 30, 2021

Time: 17h00–18h30 (CEST)

Language: English

Agenda

17:00 - Welcome and introductory words (Jonas Gross, co-founder and member, Digital Euro Association)

17:05 - Introduction of the Digital Euro Association (Jonas Gross)

17:10 - Keynote speech by the Bank for International Settlements (Dr. Jon Frost)

17:30 - Panel on the international impact of CBDC

18:15 - Q&A

18:30 - End of Webinar

Tickets and registration

Required via Eventbrite; you will receive the URL for the webinar in advance.

Who should participate?

• Supervisory and regulatory bodies that are empowered to design digital currency systems and/or would be affected by the changes in these systems
• Employees and decision-makers from the financial sector interested in blockchain technology and advancements of the monetary system
• Decision-makers and employees from the financial and capital market industry who would be affected by the introduction of digital currencies
• Lawyers and consultants with a focus on capital market law and digitization
• Decision-makers and employees from the financial and capital market industry who are affected by the regulation of the crypto market
• Journalists from the economics and technology department
• Other groups of people with an interest in capital markets, crypto assets, technology, and digitization

Contact

Digital Euro Association

E-Mail: info@digital-euro-association.de

Web: www.digital-euro-association.de

About the Digital Euro Association

The Digital Euro Association (DEA) is a think tank specializing in crypto assets, stablecoins, central bank digital currencies (CBDC), and other forms of digital money. Our mission is to contribute to the public and political discourse through research, education, and by providing a platform for discussion and a community for policy-makers, technologists, and economists. We are committed to independence and excellence, aiming to set the agenda and to shape policy by encouraging new ideas and forward-thinking in the field of digital money. We deal with new and innovative topics such as the digital, programmable Euro and Libra, but also with “classical” crypto assets such as Bitcoin and Ether. More information on the Digital Euro Association can be found on our website, LinkedIn and Twitter.

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