The New Money Series: CBDCs – Can they compete?
Quoting the Bank of England: “We are in the middle of a revolution in payments.” Central banks are seeking to understand what the future means for an increasingly digital economy. The Bahamas, Cambodia and China are among the first countries in the world to officially launch a Central Bank Digital Currency beyond a pilot programme. Although many central banks are engaging in CBDC consultations, they stress the need to adopt a cautious approach in introducing them. This webinar will examine opportunities and challenges that CBDCs can pose to the traditional banking system, monetary policy and financial stability, and what AFC professionals should be considering.
- Understanding why central banks are considering CBDCs and how they differ from other virtual currencies
- Reviewing the views of opponents and proponents of CBDCs
- Assessing the impacts of CBDCs for AML controls