DIGITAL ASSETS

The Future of Money: CBDCs explained

Embark on your CBDC journey today
Dive deep into the core principles of CBDCs, their function as government-backed digital money, and their potential to transform payment systems worldwide where you will understand the key benefits, examine the regulatory challenges, cybersecurity risks and how CBDCs compare to decentralised cryptocurrencies. 
As of 2024, 134 countries, representing 98% of the global economy, are exploring CBDCs. This is a significant increase from just 35 countries in 2020
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Online Course

Format

30 mins

Video duration

Foundation

Level

Badge

On Completion

Badge of completion

With this online course, you will:
  • Discover the future of CBDCs
  • Describe the regulatory implications of CBDCs worldwide
  • Understand the key definitions, principles and aspects of CBDCs
  • Explore the main opportunities and challenges that are associated with CBDCs
Skills

Digital Currencies

Compliance Policy

Financial Security

Blockchain

Payment Expertise

Course Lessons

What are CBDCs?

CBDCs are digital versions of central bank money, issued by a central bank and legally recognised as tender. In order to qualify as a CBDC, the digital currency must be issued by a central bank and must be digital in nature. While the term “CBDC” may seem self-explanatory, it is important to understand the key characteristics that define these types of digital currencies.

Potential benefits and drawbacks of CBDCs

CBDCs have the potential to offer a number of benefits, such as increased financial inclusion, faster and cheaper cross-border payments, and enhanced cybersecurity. However, there are also potential drawbacks to consider, including the potential for negative impact on commercial banks and the challenges of implementing a CBDC on a large scale.

Current initiatives around the world

Several countries around the world are currently exploring the possibility of issuing a CBDC, including China, which has already launched a pilot program for its digital Yuan. Other countries such as Sweden and the Bahamas have also launched pilot programs, while the European Central Bank is considering the possibility of issuing a digital Euro.

Meet your instructor - Dr Oriol Caudevilla

Fintech and Blockchain Advisor, Influencer, Speaker and Host of “A Digital Tomorrow” Podcast

Dr Oriol is a very influential voice in the FinTech area, has advised many FinTech companies and with a very extensive network across the globe. He is passionate about the Future of Banking and Finance, and a strong believer in digital transformation and artificial intelligence quickly becoming the top priority for those not wanting to be left behind as well as the best tool to create a more inclusive financial system. Graduated in Law (UAB), holding an MBA in Finance (IEB), a Diploma in Asian Finance (CUHK) Business School and a PhD in Hong Kong Real Estate Law and Economics (UAB). He regularly publishes articles in several media, such as China Daily (both the Global and Hong Kong Edition), Macau Business and Challenger Insider.

Previously, he worked as a business analyst at a Hong Kong publicly listed company (Yuxing InfoTech Investment Holdings). Presently, he works as a Management Consultant at a legal tech company, AirHelp, acting as an advisor for a Hong Kong-based FinTech company, ixFintech, and conducting research on Blockchain Trade Finance at Qatar University. Dr Oriol is a Current member of the Singapore Fintech Association (SFA) as well as FinTech Australia.

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