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Cryptocurrencies, Central Bank Digital Currencies and Stablecoins

Cryptocurrencies, Central Bank Digital Currencies and Stablecoins

The differences between digital currency types are critical and, as we progress toward ever-greater integration of all types into the global economy, we must have a deeper understanding of any potential future institutional interactions with blockchain technology. (Rec. 8/25/21)

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Webinar Description

Recorded: August 25, 2021     

Cryptocurrency. CBDC. Stablecoin.
What are the differences between these digital currencies? What are the advantages and drawbacks of each, and should we welcome the eventual launch of bank-issued digital currencies?

The differences between digital currency types are critical and, as we progress toward ever-greater integration of all types into the global economy, we must have a deeper understanding of any potential future institutional interactions with blockchain technology.

CBDCs in particular hold implications for the banking community. A central bank digital currency uses technology to represent a country's official currency in digital form. Unlike decentralized cryptocurrency projects like Bitcoin, a CBDC would be centralized and regulated by a country's monetary authority. While several governments already have CBDC sandboxes up and running and others are looking into the viability of creating and issuing CBDCs, no country has officially launched. On February 24, U.S. Federal Reserve Chairman Jerome Powell spoke before the House Committee on Financial Services and stated that 2021 would be an important year for the Digital Dollar Project, noting that the Fed will engage with the public on the matter. Later in May, Powell announce that the Fed plans to publish a paper in summer 2021 that will explore the implications of issuing a U.S. central bank digital currency, to complement the research already underway.

Meanwhile cryptocurrency continues to grow in popularity and adoption, and with approximately $4.3 trillion in transactions in 2020, crypto does not show signs of slowing down. Stablecoins too are becoming increasingly more adopted and utilized by financial institutions for payments settlements and high interest savings.

  • Your registration includes:
  • A copy of the presentation materials
  • Unlimited video replay

 

Refund Policy:

If you will have any issues with attending the simulcast, we offer a No Questions Asked Refund Policy any time before the start of a live simulcast.

 

CBANC Complaint Policy:

The goal of CBANC Education is to provide quality educational content and excellent service to our users.  If you have any questions or concerns regarding the quality of our content or service, please contact us at support@cbancnetwork.com.

Webinar Description

Recorded: August 25, 2021     

Cryptocurrency. CBDC. Stablecoin.
What are the differences between these digital currencies? What are the advantages and drawbacks of each, and should we welcome the eventual launch of bank-issued digital currencies?

The differences between digital currency types are critical and, as we progress toward ever-greater integration of all types into the global economy, we must have a deeper understanding of any potential future institutional interactions with blockchain technology.

CBDCs in particular hold implications for the banking community. A central bank digital currency uses technology to represent a country's official currency in digital form. Unlike decentralized cryptocurrency projects like Bitcoin, a CBDC would be centralized and regulated by a country's monetary authority. While several governments already have CBDC sandboxes up and running and others are looking into the viability of creating and issuing CBDCs, no country has officially launched. On February 24, U.S. Federal Reserve Chairman Jerome Powell spoke before the House Committee on Financial Services and stated that 2021 would be an important year for the Digital Dollar Project, noting that the Fed will engage with the public on the matter. Later in May, Powell announce that the Fed plans to publish a paper in summer 2021 that will explore the implications of issuing a U.S. central bank digital currency, to complement the research already underway.

Meanwhile cryptocurrency continues to grow in popularity and adoption, and with approximately $4.3 trillion in transactions in 2020, crypto does not show signs of slowing down. Stablecoins too are becoming increasingly more adopted and utilized by financial institutions for payments settlements and high interest savings.

  • Your registration includes:
  • A copy of the presentation materials
  • Unlimited video replay

 

Refund Policy:

If you will have any issues with attending the simulcast, we offer a No Questions Asked Refund Policy any time before the start of a live simulcast.

 

CBANC Complaint Policy:

The goal of CBANC Education is to provide quality educational content and excellent service to our users.  If you have any questions or concerns regarding the quality of our content or service, please contact us at support@cbancnetwork.com.