This 1-day seminar offers comprehensive introduction and taxonomy for categorising central bank digital currencies, their designs and options. It evaluates these options based on their allocative efficiency and attractiveness for different stakeholders. Although CBDC types and technologies vary depending on the objectives, one thing they have in common- the need to evolve new type of central bank money is real and quite urgent. Covid-19 even more speeds up digitalisation of payments and adds new motivations for CBDC as the latest survey says on the topic from Bank for International Settlements: Ready, steady, go? – Results of the third BIS survey on central bank digital currency. CBDCs are complex topic with many different facets. We will dive into potential role of CBDCs in the modern world, possible benefit, main risks and also definitional problems, technological challenges, history and real-life examples.

Some questions we would like to clearly answer are: What is the role of CBDC in relation to monetary policy and financial stability? How could the financial ecosystem change with the introduction of CBDC? What are the potential opportunities and threats of introducing CBDC? How it should be done technically and what are the challenges. Which business models of CBDC are possible and where benefits and faults of such models lay? How CBDCs should operate with existing payment rails and what are the challenges in regulation of CBDC? Where are the limits of today’s digital cash substitutes?

Who should attend?
This seminar provides a platform for retail bankers, central bank representatives, Fintech experts, technological solution providers, specialists, researchers and other stakeholders to update their knowledge and experience on the potential of CBDC and its place in the financial ecosystem.

Approach
The seminar will be divided into the blocks where we will explain each topic from the basics to the full extent through the presentation, interactive questionnaire and real life examples.