Economic, Financial And Business Imperatives For Global Digital Currency
07:55 Welcoming Speech, Opening Remarks & Thank You Sponsor Speech By Forum Producer And Forum Chaiperson
Opening Keynote Address:

The Future of Digital Currency: Digital Financial Services And Financial Inclusion

Universal access to financial services is within reach because of new technologies, transformative business models and ambitious reforms… As early as 2020, such instruments as e-money accounts, along with debit cards and low-cost regular bank accounts, can significantly increase financial access for those who are now excluded.
R-Sahay-Picture-rounded Ratna Sahay
Deputy Director
International Monetary Fund
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Building The Right Ecosystem For CBDC Development
CBDC initiatives have gained momentum globally and it is no exception in Asia. With many central banks, commercial banks and FinTechs advancing the deployment of CBDC pilots, what is the right ecosystem for driving faster and more secure payment settlements across the world? The key to any viable CBDC will be in activating the comparative advantages of the diverse payments value chain, spanning liquidity providers, network operators, application providers, and end user wallet builders. Central banks will play a key role in orchestrating this ecosystem, and because of the infrastructure around them, have a tremendous opportunity to offer purchasing power.

In this session, R3 will provide a guide for considerations relevant to the issuance, governance , and facilitation of a CBDC.

Willy-Lim-rounded Willy Lim
Solution Architect
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The Bank Of England’s Exploration Of CBDC
The Bank of England and HM Treasury have announced the launch of a taskforce to explore a potential U.K. central bank digital currency (CBDC). This presentation will share some of the use case study, challenges and future opportunities around CBDC.
Shiv-Chowla-rounded Shiv Chowla
Senior Manager for Central Bank Digital Currency (CBDC)
Bank of England
Bank Of Canada’s Transformation Journey With CBDC

Project Jasper marks a significant milestone in the payments industry. It was the first time in the world that a central bank participated in a distributed ledger technology (DLT) experiment in partnership with the private sector. This collaborative research initiative between the public and private sectors aims to understand how DLT could transform the wholesale payments system.

Learn more about how Bank of Canada work on a central bank digital currency (CBDC), their financial technologies (fintech) experiment Project Jasper and other projects and partnerships that allows them to build and experiment with test cases and proofs of concepts.

Francisco-Rivadeneyra-rounded Francisco Rivadeneyra
Director for CBDC and FinTech Policy
Bank of Canada
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Implementing A Retail CBDC: Lessons Learned And Key Insights
This presentation will inform policymakers on the lesson learned from recently launched CBDC pilot programs. The findings shows that despite differences among jurisdictions, a series of key insights on the design, operation and implementation of a CBDC, emerge from these experiences that could be useful for those exploring the possibility to launch a CBDC.
Raul-Morales-rounded Raúl Morales Resendiz
Manager | Financial Markets and Infrastructures
CEMLA, Mexico
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Revolutionizing Remittances: How Digital Currency Could Build A More Sustainable Global Economy

International remittances are the single largest source of external financing for many of the world’s low and middle-income countries. International remittance typically involves an archaic patchwork of correspondent banks, post offices and money transfer agents that usually pocket 7-10% of the total value of each transaction. International remittances using stable coins and their distributed ledgers could eliminate the need for costly intermediaries, allowing for lower fees and immediate settlement.

Reducing remittance transaction costs to 3% by 2030 is a target under Sustainable Development Goal 10, and if successful could constitute what would be, in effect, a huge tax cut for the world’s poor.

Tanvi-Ratna-rounded Tanvi Ratna
Founder & CEO
Policy 4.0
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11:00 Lunch Break
China’s Central Bank Digital Currency: Development Status And Potential Impacts?
Governments around the world are exploring the viability of digital currency. According to the BIS, 80 percent of the world’s central banks have already started to conceptualize and research the potential of Central Bank Digital Currency (CBDC), 40 percent are building proofs-of- concept (PoC), and 10 percent are deploying pilot projects.China is at the forefront and is expected to become the first major economy to launch a CBDC. Its sovereign digital currency program, dubbed Digital Currency Electronic Payment (DCEP), has launched one of the largest realworld trials in several cities over the last few months. By May 2020, China had already filed more than 120 patent applications for its official digital currency (alternately referred to as digital yuan in this article), more than any other country.
Christine-Jiang-rounded Dr. Jiaying Christine Jiang
Co-leader of the Central Bank Digital Currency Project China Center
Yale Law School, US
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Regulatory Clarity In An Emerging Space
12:30 Creating A Trusted Global Digital Currency: The Spectrum Of Privacy And Confidentiality
As countries like China prepare to launch state-backed cryptocurrencies, various private-sector initiatives trying to do the same globally appear to be faltering. What would be required to create a trusted global cryptocurrency in the current economic and regulatory environment?
Eric-Nguyen-rounded Eric Nguyen
Senior Manager Robotic Process Automation
Synergy Group Australia
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13:00 The Role Of The Public Sector And Public-private Cooperation In Digital Currency Growth
Policy-makers at a number of central banks around the world are seriously considering developing and issuing a central bank digital currency, with a consumer-ready CBDC likely to arrive in the next five years. That is the key finding from a report from IBM and OMFIF, a central banking think tank.

The report, commissioned by IBM, encompasses an in-depth survey of officials from 23 central banks in advanced and emerging economies. The findings present a holistic picture of policy-makers’ approaches to setting up a retail CBDC. The survey projects that the first CBDC will be produced within five years in a small economy and respond to a specific policy objective with a well-defined use.

A consumer-ready CBDC is likely [  to require some form of public-private partnership. Central banks are hampered in their ability to offer financial services, and private companies will probably fill the gap. Plans to issue proprietary digital global currencies is the most recent and conspicuous manifestation.

Large banks and technology companies will have a major role to play as new public private partnerships are formed to promote interoperability, create services, and extend financial inclusion.

Tamara-Singh-rounded Tamara Singh
13:30 Regulating Central Bank Digital Currencies: Towards A Conceptual Framework
Due to technological change and the rise of private digital currencies more and more central banks investigate the possibility of issuing their own Central Bank Digital Currency (CBDC). This presentation covers how a conceptual framework can be developed, which shows how the issuance of CBDC and the provision of access that can be regulated. The framework points out that the regulation of CBDC encompasses two components: on the one hand, the regulation of the legal form of CBDC. 
Simon-Hess-rounded Simon Hess
Vice Chairman
German NGO, Monetative
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14:00 Closing Remarks By Forum Chairperson

Transition Towards A Cashless Society
07:55 Welcoming Speech, Opening Remarks & Thank You Sponsor Speech By Forum Producer And Forum Chairperson
08:00 Keynote Address:

A CTO Guide : How CTOs Can Enter The Digital Transformation Race In Financial Services

Mobile payments and robotic automation in bank offices are no longer considered an innovation. Today’s race for transforming long-established businesses within banking and finance has brought concerns like security in a data-driven world, ageing infrastructure vulnerability and demanding regulatory compliance to the centre stage. And although most of these are here to stay, each technology challenge comes with a range of reasons to question the status quo, and introduce solutions that will secure competitive edge. 
Mike-Khan-rounded Mike Khan, CPA
Executive Director, Business Management, Finance and Program Governance Client Engagement Group
Australian Taxation Office
08:30 Central Bank Digital Currency (CBDC) As A Tool For E-money Interoperability
Financial intermediaries and financial market infrastructure may lose significant netting of inflows against outflows when using weakly interoperable payment systems, and may therefore require inefficiently high cash buffers. Or, more accurately, the lack of it. This session will cover what are the alternative approaches to interoperability at recent developments in the interoperability area, the various offerings and real word interoperability use cases that should give an idea of what we may expect.
Thomas-Kudrycki-rounded Thomas Kudrycki
Co-founder and Chief Technology Officer
eCurrency, US
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09:00 What Do Digital Currency And Regulatory Sandbox Mean For Central Banks Looking To Embrace Blockchain And Innovation At Large?
Understanding the design choices that go into creating a digital currency, such as governance, programmability, and the type of backing, can help leaders determine which archetypes are most suitable for their needs and which to avoid. Most of these design choices operate on a spectrum, from centralized to decentralized in the case of governance, for example, and from restricted to open in the case of circulation. How currency models mix and match these characteristics can influence their use and value. 
Carmelle-Cadet-photo-rounded Carmelle Cadet
Founder & CEO
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09:30 Panel Discussion: The Future Of CBDCs, The Impact Of CBDCs On Cross Border Payments And The Importance Of Interoperability
Zennon-kapron-rounded Moderator:

Zennon Kapron
Founder / Director

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Sonja-Davidovic-rounded Panelists:

Sonja Davidovic
Economist/Digital Expert on Transformative Technologies, IT Department
International Monetary Fund

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Matthew-Lovatt-rounded Matthew Lovatt
Exco Member
Singapore Fintech Association
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Carmelle-Cadet-photo-rounded Carmelle Cadet
Founder & CEO
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Syed-Musheer-Ahmed-rounded Syed Musheer Ahmed
Co-founder and Board Member
Fintech Association of Hong Kong
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George-Calle-rounded George Calle
Market Intelligence Lead
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10:15 Understanding Central Bank Digital Currencies: A Cashless Society- Benefits, Risks and Issues
Retail Central Bank Digital Currencies as an alternative to physical cash is an enticing prospect for many countries; it would significantly reduce costs associated with printing money, ensure the public has access to central bank issued currency, and could counter illegal acts such as money laundering.. However, the most crucial characteristic of cash is the trust that the public has in it. Despite the potential benefits, it is not clear if CBDC will, in fact, replace cash. In the face of this challenge, how can CBDC garner the trust that cash holds? What design elements can ensure that it is accepted widely.
Rajesh-Bansal-rounded Rajesh Bansal
Senior Advisor
Carnegie India
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Digital Currency And Technology Transformation
10:45 The Future Of Payments: The Challenges Arising From The Digitalization Of Payments And Currency
How CBDCs would improve retail and other payment systems and reduce operational vulnerabilities in the financial system. 
Jason-Lee-rounded Jason Lee
Chief Operating Officer
Algorand Foundation
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11:15 Blockchain As An Infrastructure And Key To Successful Digital Currency Adoption
Biggest barrier to blockchain adoption is poor infrastructure. There are other huge challenge, lack of regulatory clarity and poor UX among them. But to get buy-in from policy makers, the industry needs to demonstrate that the technology can deliver positive use cases. And for applications of the technology to delight users, the underlying infrastructure needs enable developers to more easily create great products. It all starts with the infrastructure.
11:45 Lunch Break
12:45 Blockchain Powered Digital Currencies: How Digital Currency Will Disrupt The Market And Provide A Road Map For Money Revolution
The session will focus on the blockchain technology and digital currency development in different nations and some use case or examples will be shared. Also, the alternative uses of the Blockchain technology including the notorious use in the management of digital currency will be discussed. The session will discuss particular cases which implement the Blockchain technology, discussing potentialities and challenges that persist within the implementation.
Albert-Amanollahnejad-rounded Dr. Albert Amanollahnejad
Azad University, Tehran, Iran
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13:15 Case Study Project Ubin: Application Of BlockChain And DLT To Payment And Other Use-Cases
13:45 Closing Remarks By Forum Chairperson

8:00am – 10:00am Workshop A:

Digital Currency & Global Compliance: Tools & Tips For Exchanges, Wallets & Other Service Providers

Digital currencies pose significant challenges for government, financial and legal institutions because of their non-physical nature and their relative anonymity to physical currency. These attributes make this form of exchange extremely volatile and, at the same time, attractive to criminals. Many countries around the world have therefore issued warnings against the use of digital currencies, and enacted laws to regulate – and in some cases, restrict – their use among members under their respective jurisdictions. This workshop will give participants an understanding of the broad implications of laws and regulations on digital currency and blockchain development and its use. This involves maximizing the value of digital currency and blockchain technology while also minimizing the risk of adverse legal consequences.


11:00am – 11:45am
Workshop B:

Future Of Digital Currency With Blockchain Technology

Central banks are considering the use of distributed ledger technology and blockchain to develop their own digital currency. However, there remains much debate over the ideal technological infrastructure to operate CBDCs. Blockchain technology offers the benefits of operational resilience, transparency and tokenization, among others. The extent of scalability, the balance between privacy and decentralization, and interoperability opportunities warrant further exploration. This workshop will address how blockchain could benefit CBDC, through exploring DLT design choices, the use of smart contracts or ‘programmable money’ to enable interoperability across blockchain networks within and across borders, as well as how DLT can interact with existing technologies or vendors.


Willy-Lim-rounded Willy Lim
Solution Architect
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 11:50am End Of Workshops