A CBDC is a new form of Central Bank money accessible to the general public, accepted as a means of payment, legal tender, safe store of value by all citizens, businesses and government agencies. Theoretically, a CBDC should enable cheap, secure and real time transfer of value, be accessible without a bank account and be built on an open infrastructure to foster competition and innovation.
Even though, according to a report published by the Bank of International Settlements (BIS), 80% of Central Banks in the world are currently working on CBDCs (some are just at an initial research stage, though), Asia seems to be the place where CBDCs arouse more interest.
However, many countries throughout Asia and Africa countries might benefit from eventually deploying their own CBDCs, since CBDCs can be a very effective tool to promote financial inclusion.
In this webinar, Dr Oriol Caudevilla is going to analyze what CBCDs are as well as the main projects throughout Asia, i.e. the Digital Yuan, Project Inthanon-LionRock, the pilot tests in Korea and Japan and Project Aber in Saudi Arabia and the UAE.
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