Subject: -DRAFT- eCurrency Newsletter Feb 2017

DRAFT for Internal Review only 
 - not for distribution -
Newsletter  |  February 2017
FOCUS ON INDIA
Digital Economy a Key Focus in Union Budget 2017-2018
The Union Budget places high importance to digital infrastructure of the country. It strengthens the vision of a cashless economy. Mandates for a digital India makes it a pressing need of the hour. A digital fiat currency will be a key building block for the digital future. Read More



AROUND THE WORLD
ISO Code for Digital Fiat Currency
The International Standards Organization has determined that the same ISO 4217 code used for legal tender in the form of physical notes and coins shall be used to designate digital fiat currency issued by the Central Bank. 
Read More
DFC Will Drive Financial Inclusion
Digital fiat currency is the ultimate instrument for financial inclusion. Like physical notes and coins, DFC is accessible to every person regardless of social status and gender.

PBOC Comments on Blockchain
According to the technology director of the Peoples Bank of China, blockchain is not yet mature in system stability, application security, business model, etc.



IN THE NEWS
ITU has announced eCurrency's membership on its standardization arm ITU-T to develop Digital Fiat Currency related standards.





RECOMMENDED READING
The Case for Digital Legal Tender
An eCurrency publication makes the case that a digital fiat currency promotes innovation, enables the evolution of currency, serving as the ultimate instrument of financial inclusion.  
eCurrency™
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