Course description
Global standards setting bodies have produced numerous papers and proposals around how Central Bank Digital Currencies (CBDCs) may work and their monetary and financial stability implications. With the 83 jurisdictions that are considering the issuance of a CBDC and the rise of various parallel private sector driven initiatives, including USDC, Tether and Diem, the Bank of England has acknowledged a 200% increase in the use of cryptoassets in 2021.
Diego Ballon Ossio presents this comprehensive and informative webinar which is aimed at commercial lawyers that work in financial services institutions, fintech policy or payments or related industries, and will explore the impact of CBDCs and digital payment tokens.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
According to The Atlantic Councils' Central Bank Digital Currency Tracker there are 83 jurisdictions that are considering the issuance of a central bank digital currency (‘CBDC’).
Global standard setting bodies have produced numerous papers and proposals around how CBDCs may work and what the monetary and financial stability implications are.
In parallel there are various private sector driven initiatives in respect of digital payment tokens including USDC, Tether and Diem.
Most recently the Bank of England has acknowledged that the use of cryptoassets has grown by roughly 200% in 2021, from just under $800 billion to $2.3 trillion today.
Crypto-related technology offers a prospect of improvements in financial services.
While financial stability risks remain limited, the wide use of current applications is now a financial stability concern for several reasons.
This new webinar is suitable for commercial lawyers that work in financial services institutions, fintech policy or payments or related industries and will provide a regulatory outlook on the impact of CBDCs and digital payment tokens.
It will equip participants with the relevant legal questions when considering products or policy that relates to digital payments but also with a base understanding of the current proposals.
What You Will Learn
This webinar will cover the following:
- Categories of digital payment tokens:
- CBDCs
- Stablecoin
- Electronic Money
- Exchange Tokens
- Other
- How do CBDCs fit into the existing system?
- Principles of money
- Payments
- Commercial Bank Money
- Legal treatment of CBDCs v commercial bank money
- Key questions for commercial lawyers:
- Ownership of CBDCs
- Remedies for stolen CBDCs
- Does financial regulation apply to CBDCs?
- Netting
- Enforcing judgments
- Direction of travel
Expenses
MBL Seminars Limited
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