CBDC Conference

The CBDC Conference is pleased to highlight the long-standing partnership with the Digital Euro Association (DEA), which has fostered valuable collaboration and insight over the years. The DEA is also the organizer of the Digital Euro Conference on March 27, 2024, in Frankfurt. This event will offer a great opportunity for meaningful insights, as leading experts will discuss the future of digital currencies in Europe. And, by using the code CBDCConference20, you can enjoy a 20% discount on the registration fee. For more information and to register, visit https://lnkd.in/dZjZchXH #DigitalEuro #CBDC #DEA #FinanceInnovation #DigitalCurrency

The afternoon of the third day of the CBDC Conference unveiled further highlights: 👉 Panel «Interoperability & cross border payments »: Claudine Hurmann, Banque de France, Adolfo Sarmiento, Banco Central del Uruguay, Simit Naik, nChain, and Bernard Nicolay, Solvay Brussels School of Economics and Management (Chair), discussed the importance of integrating CBDCs with existing financial systems. The panel examined the need for international collaboration to establish standards and regulations that will allow CBDCs to facilitate seamless cross-border transactions. 👉 Daniel Elster, Deutsche Bundesbank, provided a German perspective on the digital euro project. He emphasized the need to align the digital euro with the Eurosystem’s broader monetary goals, ensuring that it fits into the existing financial landscape while maintaining public trust and security. 👉 Alberto Naudon, Central Bank of Chile, offered an update on the state of CBDC development in Latin America. He discussed how CBDCs are being explored to improve financial inclusion and reduce cross-border transaction costs. 👉 David Bochorishvili, FRM, National Bank of Georgia, discussed the National Bank of Georgia’s CBDC pilot project, focusing on the role of smart contracts in the country’s digital currency framework. He outlined the legal and technical challenges involved in using smart contracts and emphasized their importance for the wider fintech industry. 👉 Dr Ritesh Jain, Infynit, concluded the day with a presentation on the role of CBDCs in promoting financial inclusion. Jain stressed the importance of public-private partnerships and digital literacy programs to ensure the successful implementation of CBDCs. He also addressed concerns around security and privacy, highlighting their importance in fostering public trust in digital currencies. The CBDC Conference 2024 provided a comprehensive platform for attendees to deeply engage with the evolving world of digital currencies. In a dynamic blend of keynote speeches, insightful panel discussions, and interactive breakout sessions, participants gained invaluable knowledge from global experts. Beyond the formal sessions, the coffee and lunch breaks, along with the evening cocktails and dinners, offered ample opportunities for networking, fostering meaningful connections with fellow industry leaders and innovators. This immersive experience not only enhanced the participants' understanding of digital currency, but also sparked new ideas and collaborations for the future of digital finance. Stay tuned for news about the CBDC Conference 2025!

The morning of the third day of the CBDC Conference offered a series of highlights: 👉 Jaemin Ryu, Bank of Korea, shared insights into the Bank's CBDC initiatives, detailing its efforts to reshape the financial market infrastructure. He discussed the outcomes of previous research projects, explaining how the Bank is building a network to support various types of digital currencies. Jaemin emphasized the significance of frameworks that can accommodate future innovations in the financial ecosystem. 👉 Ross Buckley, UNSW Sydney, examined the potential consequences of CBDCs for the US dollar's role in global finance. He explained that as CBDCs enable direct currency exchanges, reliance on the US dollar as a reserve currency may decrease. Ross argued that the U.S. may need to issue a wholesale CBDC to maintain its currency’s global dominance and retain the economic advantages tied to its reserve status. 👉 Pinar Ozcan, Saïd Business School, University of Oxford, presented her research on the formation of CBDC ecosystems across various countries. She discussed the different strategies used to establish CBDC frameworks, and highlighted the importance of collaboration between public and private sectors to develop sustainable ecosystems that will ensure the effective deployment of CBDCs. 👉 Inutu Lukonga, International Monetary Fund, provided an in-depth analysis of the risks and challenges involved in implementing retail CBDCs. She differentiated between the objectives and benefits of retail CBDCs, addressing misconceptions and emphasizing the importance of risk management strategies. She discussed potential implementation difficulties and offered solutions to ensure successful rollouts of retail digital currencies. 👉 In the Panel Discussion « Introducing a rCBDC – the Challenges », Inutu Lukonga (IMF), Nick McLaren (Bank of England), Aleksi Grym (Bank of Finland (Suomen Pankki - Finlands Bank)), Thibault Pelé (Worldline), and Pinar Ozcan, Oxford University (Chair) discussed the complexities of user adoption, infrastructure development, and the impact on financial intermediaries. The panel highlighted privacy concerns, regulatory challenges, and the potential effects on monetary policy. The need for collaboration between central banks, the private sector, and regulators was stressed. 👉 In the Panel «CBDC vs Tokenized Assets vs Stablecoins», Xavier Lavayssière, Université Paris Panthéon-Sorbonne, Alberto Naudon, Central Bank of Chile, Daniel Nagy, Giesecke+Devrient, Tobias Tenner, Association of German Banks (BdB), and Anca Bogdana Rusu Bogdana Ruzu (Chair), explored the differences between CBDCs, tokenized assets, and stablecoins. The panel discussed the regulatory and technological hurdles of each option, emphasizing the need for careful evaluation when considering their impact on financial markets. It was highlighted that while CBDCs are state-backed, tokenized assets and stablecoins offer unique advantages, but come with their own challenges.

In the latter part of the afternoon on the second day of the CBDC Conference, participants were presented with diverse perspectives on Digital Currencies from multiple viewpoints: 👉 Teresa Riedl (Giesecke+Devrient + Devrient) explored how technology could be used to create a more democratic financial system with a user-centered approach. She discussed solutions aimed at fostering competition, enhancing user experience, and providing data ownership and privacy in a tokenized economy. 👉 Xavier Lavayssière (University of Paris I: Panthéon-Sorbonne) highlighted the role of programmability and tokenization in enhancing financial innovation and resilience. He discussed the misconceptions that have led to early failures and outlined the necessary conditions for successful development of tokenization ecosystems. 👉 Lorenzo Cremona (Oracle) provided an in-depth look at Oracle's CBDC sandbox, which integrates technologies like the Oracle Blockchain Platform, Visual Builder, and Autonomous Database. His session showcased how this composable architecture can support flexible CBDC infrastructure development. 👉 Kürşad Öz (Central Bank of the Republic of Türkiye) presented an overview of the Digital Turkish Lira Project, sharing the design principles, key features, and findings from Phase-1, along with updates for the upcoming phases of the project. 👉 Johannes Duong and Harald Fuchs (Oesterreichische Nationalbank) introduced the DELPHI project, a collaboration aimed at simulating the issuance and settlement of Austrian government bonds as security tokens with a wholesale CBDC. Their presentation covered the use of blockchain and testnet environments for this initiative. 👉 Jerome Ajdenbaum (IDEMIA) & Thibault Pelé (Worldline) discussed the ambition behind the digital Euro, focusing on offline payments. They shared their experiences and findings from a prototype developed for the European Central Bank to test the feasibility of offline CBDC transactions. The CBDC Conference offers more than just learning opportunities; it also fosters valuable networking. In the evening, attendees had the pleasure of enjoying a traditional Turkish dinner by the seaside, enhancing connections in a relaxed setting.

The afternoon of the second day at the CBDC Conference unfolded with a series of compelling speeches and interactive breakout sessions: 👉 Matthias Jüttner (Swiss National Bank) explored different token settlement options, including synchronized settlement linking tokenized securities with payments and integrated settlement using a Swiss franc wholesale CBDC. His presentation offered insights into how central bank money could be incorporated into a regulated token ecosystem. 👉 Joachim Samuelsson (Crunchfish AB) delved into the complexities of retail CBDC implementation. He proposed a superior layer-2 solution using virtual secure elements for implementing offline payment and privacy features in retail CBDC systems. 👉 Lorenzo Cremona (Oracle) discussed the transformation of traditional financial institutions through digital assets and tokenization. He explained the IMF and BIS's promotion of the Unified Ledger paradigm, focusing on scalability, data sovereignty, and interoperability. Oracle's #FinTech Data Platform was presented as a solution for enabling this transformation. 👉 Simit Naik's (nChain) session expanded on the role technology plays in enhancing cross-border payments. His presentation focused on how technological advancements can support more efficient global payment systems. 👉 Carmelle Cadet (EMTECH) addressed the evolving nature of central banking, with a focus on the challenges posed by digital currencies and stricter regulatory compliance. Her session offered guidance on how industry professionals can prepare for the future digital infrastructure in central banking. 👉 Dr. Hermann Sterzinger (TrustNoteD) introduced the concept of using CBDC-based digital asset tokens to incentivize environmental sustainability. He explained how these tokens could democratize access to environmental investments and encourage broader participation in sustainability initiatives. 👉 Hugues MARIE (IDEMIA) discussed the potential security risks posed by quantum computing to current cryptographic defenses. He emphasized the importance of preparing for these risks now, as central banks develop their CBDC solutions to ensure long-term security.

The morning of the second day of the CBDC Conference featured a dynamic blend of insightful plenary speeches and engaging panel discussions : 👉 Shaqueno Porter (Central Bank of The Bahamas) provided updates on the SandDollar, focusing on trends in circulation, adoption rates, and new wallet features. His presentation emphasized how these factors are contributing to the ongoing success and future potential of the SandDollar as a CBDC. 👉 Tobias Tenner (Association of German Banks (BdB) discussed the evolution of the digital euro over the past five years, alongside the broader discussion around emerging CBDCs. He highlighted the importance of functionality, acceptance, and the geopolitical implications that CBDCs bring to the global financial landscape. 👉 Marko Pahor (Banka Slovenije) explored the challenges faced when designing a CBDC. He illustrated the trade-offs between privacy, security, and user experience, emphasizing that any change to one of these elements affects the others. His presentation touched on whether a CBDC should be treated as digital cash or a special account, based on the experience with the digital euro. 👉 Mamerto Tangonan (Bangko Sentral ng Pilipinas) provided insights into the work being done by the Central Bank of the Philippines (BSP) in the development and exploration of CBDCs. He outlined the specific challenges and opportunities the BSP faces as it navigates the digital currency space. 👉 Panel discussion: Design & Policy decisions withk Nick McLaren (Bank of England), Jose Manuel Marques (Banco de España), Rainer Olt (Eesti Pank | Bank of Estonia); Chair: Conrad Kraft, Digital Euro Association This panel examined the crucial design choices and policy frameworks required for the successful implementation of CBDCs. Topics included technological infrastructure, regulatory considerations, financial stability, and cross-border interoperability, all aimed at enhancing the global financial system's efficiency, security, and inclusivity. 👉 Panel discussion : Offline payments with CBDC with Jerome Ajdenbaum, IDEMIA; Menno Broos, De Nederlandsche Bank, Joachim Samuelsson, Crunchfish AB; Douglas Lockhart, EUROPEAN SAVINGS AND RETAIL BANKING GROUP; Chair: Tamara Ferreira Schmidt, Digital Euro Association This discussion focused on the challenges and benefits of implementing offline payments in retail CBDCs. The discussion highlighted the technological and regulatory hurdles, particularly in ensuring security and privacy without online verification. Despite these challenges, offline payment capabilities were underscored as crucial for financial inclusion and resilience in the global CBDC ecosystem.

An inspiring first day at the CBDC Conference 2024 in Istanbul! The day commenced with the CBDC Academy, offering illuminating insights into various facets of Digital Currencies. In the afternoon, a series of distinguished speakers shared valuable perspectives on their respective initiatives: 👉 Hatice Karahan, PhD, Deputy Governor of the Central Bank of the Republic of Türkiye, provided a comprehensive overview of the bank's ongoing work in the CBDC domain. 👉 The opening governor’s panel, featuring Deputy Governor Mamerto Tangonan (Bangko Sentral ng Pilipinas BSP), Derek Rolle (Central Bank of The Bahamas), and Marko Pahor (Banka Slovenije), explored #CBDCs from a strategic viewpoint. The session was expertly moderated by the one and only John Ho of Standard Chartered. During the second session, skillfully chaired by John Winchcombe, 👉 Jose Manuel Marques discussed the Digital Euro and the Banco de España's role in the CBDC landscape. 👉 Kwame Oppong from the Bank of Ghana provided an update on the eCedi project. 👉 Witit Synsatayakul of the Bank of Thailand offered insights into transactional and network analysis from their CBDC paper. 👉 Simit Naik from nChain highlighted the challenges of cross-border payments, presenting a potential solution. 👉 Varlam Ebanoidze of the National Bank of Georgia explained how the bank has skillfully navigated the balance between being "solution obsessed" and "problem obsessed."   Looking forward to the second conference day !

The CBDC Conference commenced with the CBDC Academy, offering attendees the opportunity to explore a range of topics through various sessions : 👉 Nadine Hofmann and Dr. Waldemar Grudzien, TrustNoteD: Discussed DORA, the first regulation of ICT security in Europe, focusing on its impact on financial entities and ICT service providers, and its potential to spread globally like GDPR. 👉 Hugues MARIE, IDEMIA & Thibault Pelé, Worldline: Emphasized the importance of central banks prototyping with CBDCs, covering topics like offline implementation and using existing infrastructure. 👉 John Kiff, Kiffmeister Consulting: Provided a global view of retail CBDC developments, highlighting key design challenges and trade-offs between user privacy and financial integrity. 👉 Joachim Samuelsson, Crunchfish AB: Discussed offline payments for CBDCs, balancing privacy with regulatory traceability to build public trust in digital currencies. 👉 Carmelle Cadet, EMTECH: Presented EMTECH’s SaaS solutions for central bank modernization and digital currency management, with a product demo of the Beyond Suite. 👉 John Velissarios, Otranto Limited: Gave insights into #Kazakhstan’s #Digital #Tenge, detailing its applications and recent developments in the country’s CBDC rollout. 👉 Lorenzo Cremona, Oracle: Shared Oracle’s involvement in CBDCs, using real-world examples like a wholesale CBDC project with an ASEAN Central Bank. 👉 Teresa Riedl & Chaima El Aouam Hilgert, Giesecke+Devrient: Highlighted the importance of offline payment capabilities for enhancing digital financial inclusion and system resilience. 👉 Sebastian Ploetzeneder, nChain: Explored the role of innovation in efficient payment systems and its impact on reducing economic friction and global trade. 👉 Szombati Aniko, Magyar Nemzeti Bank: Discussed MNB’s CBDC pilot, Student Safe, and insights from Project Rosalind, focusing on DLT technology and future plans for CBDC design.

All set for the CBDC Conference from 10 - 12 September in Istanbul. We are looking forward to exciting presentations, lively discussions and hands-on breakout sessions. Leading experts in the field of CBDC, asset tokenization and stablecoins will provide insights into the latest technological developments and insights. Thanks to our partners for making this event possible Crunchfish AB EMTECH Giesecke+Devrient IDEMIA nChain Oracle TrustNoteD Worldline Banknote Industry News Digital Euro Association Digital Pound Foundation FinTech Istanbul

We are looking forward to the opening of the CBDC Conference 2024, which will take place from September 10-12 in Istanbul. The CBDC Conference brings together the global thought leaders in the field of digital currency. The conference program promises the latest information, exciting insights and interesting discussions on the topic of digital currency. Speakers and delegates from around the globe will gather, representing central banks, retail banks, leading technology providers, government entities, think tanks, and academia, such as: 🔹 Central Bank of the Republic of Türkiye 🔹 Central Bank of The Bahamas 🔹 Banka Slovenije 🔹 Bangko Sentral ng Pilipinas 🔹 Banco de España 🔹 Bank of Ghana 🔹 Bank of Thailand 🔹 Bank of England 🔹 Bank of Korea 🔹 Bank of Finland (Suomen Pankki - Finlands Bank) 🔹 Bank of Namibia 🔹 Bank Indonesia 🔹 Banque Centrale de Mauritanie 🔹 Central Bank of Chile 🔹 Banco Central del Uruguay 🔹 Deutsche Bundesbank 🔹 National Bank of Rwanda 🔹 National Bank of Georgia 🔹 De Nederlandsche Bank 🔹 Swiss National Bank 🔹 Oesterreichische Nationalbank 🔹 Association of German Banks (BdB) 🔹 University of Oxford 🔹 University of Paris I: Panthéon-Sorbonne 🔹 University Med V Rabat 🔹 University of Toronto 🔹 University of Warsaw 🔹 UNSW Sydney 🔹 Standard Chartered ...and many more! For more information and to register, please visit www.cbdc-conference.com.   Would you like to stay abreast of the latest developments in the field of digital currencies? subscribe to «𝗧𝗵𝗲 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗖𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗝𝗼𝘂𝗿𝗻𝗮𝗹" on https://lnkd.in/dtipFkZP. #cbdc #fintech #centralbank #blockchain #cryptocurrency #banking #currency #payments #CBDCConference #DigitalEuro #Innovation #Fintech #Blockchain #Istanbul2024 #CentralBankDigitalCurrency nChain IDEMIA Digital Euro Association Giesecke+Devrient TrustNoteD Crunchfish AB Worldline Digital Pound Foundation FinTech Istanbul Oracle