Central Bank Digital Currency CBDC

Overview:

Introduction:

This training program educates on central bank-issued digital currencies' concept, design, and implementation. It equips professionals with the understanding and skills to assess and potentially adopt CBDCs.

Program Objectives:

At the end of this program, participant will be able to:

• Identify the requirements and circumstances that made the move to a regulated digital currency necessary.

• Recognize the key technology that will have the biggest impact on the world's banking, financial, and monetary systems.

• Define various forms of digital currency issued by central banks, including their implementation and compatibility.

• Identify the benefits and difficulties of constructing a central bank for digital currencies.

• Compare and contrast the various CBDC projects being carried out globally in terms of technology and cost.

Targeted Audience:

• VP’s and head of departments.

• Regulatory authorities directors.

• Central banks executives.

• Executives and C-level employees.

• Digital banking and Innovation teams.

Program Outline:

Unirt 1:

The Road to Central Bank Digital Currency:  

• What is Money?

• Transition toward a cashless society.

• money economics.

• monetary exclusion.

• Financial and monetary difficulties.

• Bitcoin and other digital assets.

Unit 2:

Concepts of Central Bank Digital Currency: 

• What is CBDC?

• CBDC models.

• Design consideration and protocols.

• Implications for the monetary system.

• Disintermediation of banks.

• CBDC governance.

• Interactive workshop: Design a new CBDC!

Unit 3:

Blockchain: The Revolutionary Technology:

• Distributed Ledger Technology.

• Technology for Distributed Ledgers.

• Describe Blockchain.

• Blockchain advantages.

• Different Blockchains.

• Participatory workshop The game of blockchain.

• The financial system and blockchain.

• Spending on blockchain.

Unit 4:

CBDC: Pros, Cons, Challenges & Risks:  

• Advantages of CBDC.

• Disadvantages of CBDC.

• Commercial banks and CBDC: a system redesign?

• Challenges of interoperability.

• Security and privacy.

• Compliance and risk management.

• Technical challenges.

Unit 5:

Global CBDC Projects and International Landscape: 

• China: Digital yuan.

• Bahamas: Sand Dollar.

• Sweden: E-krona.

• Saudi Arabia/UAE: Aber.

• ECB/France: Digital Euro.

• Discussing multiple central bank CBDC research reports.