CBDCs Updates for 2022
An overview of CBDCs experiments and pilot tests all over the world
About the course
In this course you will be taken through the latest exciting developments of Central Bank Digital Currencies! Countries all over the world are experimenting with different technologies to develop CBDCs and reinvent the whole concept of money. In an increasingly digital world, these experiments will shape the financial world of the future!
Most CBDCs are still in the research phase, but some of them are already going through pilot tests. During this course you will understand the reasons why Central Banks all over the world, from China to South Korea, but also from the EU to the United States, are developing this completely new form of programmable money.
Your expert for this course is Dr.Oriol Caudevilla, a globally renowned blockchain expert, academic, consultant and advisor teaching the future of finance. In this course, he will leverage his extensive experience in blockchain technology and Fintech to teach you and update you on how CBDCs are going to reshape our daily lives.
Now, let’s jump into it!
Difficulty: Foundations
Duration: 40mins
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With this online course, you will:
- Understand what CBDCs are
- Get an overview of the different CBDCs out there and their features
- Understand the purpose of programmable money
- Learn about the different approaches different countries are embracing
Skills
CBDCs
DeFi
Cryptocurrencies
Blockchain
Financial inclusion
The expert you’ll be learning from
Dr. Oriol Caudevilla
FinTech Advisor, Management & Strategy Consultant and Researcher (Digital Banking and Finance, Central Bank Digital Currencies, Blockchain, Crypto and M&A)
Dr. Oriol is a very influential voice in the FinTech area, having advised many companies and with a very extensive network across the globe.
Oriol works as Board Director and Co-Leader of the Financial Inclusion and CBDCs Working Groups at the Global Impact FinTech (GIFT) Forum, Chairman of the Private Digital Euro Working Group at the Digital Euro Association (D€A), Member of the Board of Advisors at Blockchain for Europe (BC4EU), Strategic Advisor at a Hong Kong-based WealthTech company, ETFCool, Strategic Advisor at Alpha Bright Asset Management (Hong Kong), Research Contributor at the Blockchain Research Institute (BRI), Mentor at R3 (Singapore), Mentor at Cyberport (Hong Kong), Mentor at the Hong Kong Science and Technology Park (HKSTP), FinTech Mentor at F10 Incubator & Accelerator (Singapore), Blockchain Mentor at Tribe (Singapore) and also FinTech Mentor at Rise by Barclays (London and Mumbai).
Oriol is Fellow at the Singapore University of Social Sciences (SUSS), as well as Honorary Fellow at the Asian Institute of International Financial Law -AIIFL- at the University of Hong Kong (HKU). He is member of the FinTech Association of Hong Kong, the Singapore Fintech Association (SFA) as well as FinTech Australia. Furthermore, he publishes articles in several international media and has been cited by several international media, such as Reuters, Forbes Middle East, the South China Morning Post (SCMP), Outlook India, China Daily, Asian Investor, Forkast News and Cointelegraph.
He is also a well-known international speaker: he was named Asian FinTech Speaker of the Year (2021) by FASTER Community, and has participated in over 150 international conferences since 2020 talking about Central Bank Digital Currencies (CBDCs), Blockchain, Blockchain in Islamic Banking and Finance, the Chinese Financial System, Digital Yuan and others. He has also been invited to give classes at several top universities and business schools such as The University of Hong Kong (HKU), Asian Institute of Management (AMI), The University of British Columbia (UBC), ESADE Business School, Singapore Management University (SMU), Peking University and many others.
He started his own Podcast, A Digital Tomorrow, in December 2021. As of today, its YouTube channel has over 5,000 subscribers and his views regularly reach over 1,000 views. In his podcast, he has interviewed CEOs, Central Bankers, Ambassadors…
Course Content
Dr. Oriol Caudevilla will discuss the Central Bank Digital Currency (CBDC) which is a digital version of traditional central bank money that is issued by a central bank. It is important to distinguish CBDCs from cryptocurrencies, as they have different characteristics and serve different purposes.
In this chapter, we will explore the main features and characteristics of CBDCs, as well as their potential benefits and challenges.
In this chapter we will look into the potential benefits CBDCs have to offer, including increased financial inclusion, faster and cheaper payment processing, and improved security and transparency. They can also help central banks to better monitor and regulate the financial system, as well as to respond more effectively to financial crises. Additionally, CBDCs may provide an alternative to traditional fiat currencies, which can be prone to inflation and devaluation.
Despite their potential benefits, CBDCs also come with a number of challenges and risks. One of the main concerns is the potential impact on the traditional banking system, as well as the potential for increased competition between banks and central banks. There are also concerns about the potential for cyber attacks and the need for strong security measures. Additionally, the use of CBDCs may raise privacy and legal issues, as well as regulatory challenges.
CBDCs offer the potential for significant benefits, but they also come with a number of challenges and risks. It is important for central banks and policymakers to carefully consider these issues before implementing CBDCs. In order to achieve their full potential, it will be necessary to address the challenges and mitigate the risks associated with their use.
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FAQ
CFTE’s brand new online learning platform! THINK produces and delivers dozens of bite-sized courses which will allow you to get a good understanding and be constantly updated about everything concerning Fintech!
Disruptive technologies and innovations don’t come on their own. They bring significant transformations and challenges both in terms of culture, people, jobs, environment and governance. Therefore we believe these topics can’t be separated from one another.
The courses offered on THINK have slightly different approaches to the topics. You’ll find evergreen foundational-level courses which will help you get a good understanding without any prior knowledge, but you’ll also find courses that explore the players in the respective ecosystems, courses that explore the regulations of a certain field and even courses that dive deep into specific companies’ way of operating!
THINK is meant for all those professionals who want to be kept up to date with the latest developments in these fields, but don’t necessarily have the time to go through countless articles or newspapers.
Technology is deeply transforming the way financial institutions do business and manage operations. Understanding these shifts will allow you to benefit from them, and not miss out on any potential opportunities for you and your organisation.
Users and customers nowadays are more aware than ever about the environmental and social impact of their choices, as a consequence companies are putting more attention on these topics even at the cost of reduced financial performances.
Digital Assets, Blockchain, Decentralisation and Web3 are still in a very early stage. They may reshape and revolutionise our current business models, therefore we believe it’s worth paying special attention to the innovations they bring to the table.
Understanding how technology works, its potential and its limitations is essential to properly embrace it and leverage it. Even non-technical professionals need to get a comprehensive understanding of these tools, as they will have an increasingly important role in our lives.
