Global CBDC Challenge – An impact making opportunity not to be missed | The Green Shoots Series 2021
A retail Central Bank Digital Currency (CBDC) built for next-generation financial rails has the potential to increase payments efficiencies, improve financial inclusion, and support the broader digitalisation drive in the economy. Central banks worldwide are thus actively exploring issuance of digital currencies, and are confronted with a wide range of policy and technology challenges.
Last week, the MAS, together with IMF, World Bank, ADB, UNCDF, UNDP, UNHCR and OECD launched the Global CBDC Challenge, which is open for applications until 23 July 2021.
2:43 – Panel discussion on Global CBDC Challenge – An impact making opportunity not to be missed, moderated by Sopnendu Mohanty, Chief FinTech Officer, Monetary Authority of Singapore, with Ahmed Faragallah, Senior Financial Sector Specialist, World Bank,Brian Behlendorf, Executive Director, Hyperledger and Tommaso Mancini Griffoli, Deputy Division Chief, Monetary and Capital Markets Department, International Monetary Fund