#CBDCs: What are they Good For?
That's the tile of my topic tomorrow in London tomorrow (28th February 2023). Hopefully you are joining us in London? If not, contact Paresh Kathrani (link below) to receive details of the 3rd event in the series in a few months. Cannot guarantee at this late hour Paresh will be able to take anymore bookings. But regardless, he is nice bloke & very well informed on these topics.
The abstract for my contribution is "Central Banks are investigating the issuing of a digital complement to cash known as a Central Bank Digital Currencies (CBDC). CBDCs have the potential to be reliable means of digital payment and remittance in the face of reported decline in the use of cash but what are the positives and negatives of countries embarking on the issuing of CBDCs. Further, simply because central banks CAN issue CDBDCs, does that mean that they SHOULD?"
Great to be in London again. A global epic centre of fintech & digital assets. The more so following the release by the Bank of England paper on its proposed Digital Pound a few weeks ago. Of course being in the United Kingdom today coincides with (hopefully for all the right reasons) an historic day for the UK & the EU reaching an implementation agreement via the Windsor Framework on the Northern Ireland Protocol.
We are running our 2nd event in our series examining ‘ Digital Money Regulation’ in Central Asia, the EU, and UK’, at Grays Inn on Tuesday 28th February 2023.
Our expert speakers include Ainur Akhmetova (Managing Partner and CEO of AKHMETOVA Law Firm Limited), Flavia Kenyon (The 36 Group), Michael Patchett-Joyce FCIArb (The 36 Group) & Peter Oakes (Armstrong Teasdale). Following the presentations, we will be moderated by the affable Dr Paresh Kathrani. And none of this would have happened without the great work and support of everyone involved such as Rashid Gaissin, Paulius Pakutinskas, Dr. Satya Talwar Mouland & Paul Schwartfeger.
The event is convened by Armstrong Teasdale, the The 36 Group, the British Kazakh Law Association & Mykolas Romeris University Law School.
We will continue looking at #blockchain in addition to #CBDCs and how value fluctuates.
The diverse risks landscape will be looked at, including AML/CFT, cybercrime, privacy, the need for licensing and registration (digital assets), & how jurisdictions across the world are regulating new forms of money, plus looking to take advantage of distributed ledger technology themselves - did I forget to say smartcontracts?
Case studies will be considered & the Bank of England consultation on the digital pound will be examined, as too will recent comments by the European Central Bank on its plans for a DigitalEuro.
We'll also be looking at the new Law on Digital Assets in Kazakhstan.
A white paper will be released in summer 2023.
FINTECH UK Fintech Ireland Fintech Kazakhstan Fintech Cyprus FintechLithuania.com Official (Fintech Lithuania)
Peter Oakes Slides on Central Bank Digital Currencies here.