Subject: eCurrency Newsletter - December 2020

Newsletter  |  December 2020
Your source for CBDC development updates

FOCUS ON TECHNOLOGY
As central banks around the world consider the adoption of Central Bank Digital Currency (CBDC), there is ongoing debate regarding the correct architecture and technology to be used for implementing CBDC.  eCurrency's DSC³ technology enables central banks to create and issue a safe, secure and non-counterfeitable CBDC as a digital bearer instrument while also meeting central bank requirements.

The recently published white paper details the key characteristics of DSC³ technology and how DSC³ meets central banks' operational and policy requirements.



GLOBAL FORUMS

eCurrency Chief Economist, Bejoy Das Gupta, joined other leading CBDC experts on the 'Deep Dive on CBDC' panel to discuss if CBDCs could transform the economy during the Central Bank of the Future Conference hosted by the Federal Reserve Bank of San Francisco in partnership with the University of Michigan's Center on Finance, Law and Policy. Watch
eCurrency, CEO, Jonathan Dharmapalan participated in a panel during the IMF Annual Meetings discussing Cross-Border Payments and Digital Currency. Jonathan highlights the importance of central banks' involvement. 
Watch
CBDC and Privacy Concerns
Digitalization has prompted both regulators and the public to demand increased privacy.  The concern is even greater when selecting technology for central bank digital currency issuance. The eCurrency Digital Secure Currency technology incorporates privacy as a core design tenet.  Read More

INTERNATIONAL ORGANIZATIONS

A Survey of Research on Retail Central Bank Digital Currency
A paper published by the International Monetary Fund examines key considerations around central bank digital currency (CBDC) for use by the general public, based on a comprehensive review of recent research, central bank experiments, and ongoing discussions among stakeholders. The report looks at the reasons why central banks are exploring retail CBDC issuance, policy and design considerations; legal, governance and regulatory perspectives; plus cybersecurity and other risk considerations. Read More

BIS Reports CBDC Could Offer a Sea of Change
The Bank for International Settlements released its Annual Economic Report in which a key topic is digital innovation and the role central banks play in fostering competition the private sector, in setting high standards for safety, promote interoperability and bolster advancements in payments services through CBDC.  Read More

BIS Promotes CBDC Innovation
In an effort to foster innovation in financial technology, the BIS has announced several cities in which it will host BIS Innovation Hub projects for international collaboration.  The cities include, Toronto, London, Frankfurt, Paris and Stockholm.  Read More

STANDARDIZATION

eCurrency Holds Leadership Roles in ITU Global Digital Currency Initiative
By invitation, eCurrency has joined the leadership of the ITU’s Digital Currency Global Initiative, where the IMF, BIS, central banks and industry are represented. The eCurrency team is contributing their expertise in each area; Dr. Bejoy Das Gupta, Chief Economist, was elected a Vice Leader of the ITU’s Digital Currency Global initiative Working Group on Policy and Governance, Tom Kudrycki, Chief Technology Officer was elected a Vice Leader of the Working Group on Architecture, Interoperability Requirements and Use Cases, and Mitch Cohen, Chief Security Officer, was elected a Vice Leader of the Working Group on Security and Assurance.  Read More


eCurrency
Copyright © 2020

eCurrency™Copyright © 2020


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