+ 2:00 – 4:30 pm Washington, D.C.
We were pleased to host our annual Digital Currency Roundtable, alongside the World Bank/IMF Spring Meetings in Washington DC.
This roundtable brought together leading voices from central banks, regulators, cryptocurrency firms, and the financial services industry to share current thinking and new developments in digital currency as well as the opportunity for better coordination across sectors. Digital assets have become an established part of the landscape, as governments are contemplating significant design considerations for the next generation of money and financial services firms are investing in infrastructure for the future of finance. Many of these innovations will intersect with or rely on each other, but it is unclear how well these parallel efforts are aligned or informed. At the same time, decentralized finance (DeFi) is leveraging protocols and blockchain technology for autonomous and permissionless financial services for peer-to-peer transactions. Understanding the benefits, risks, and appropriate regulatory frameworks for this innovative new area of finance and technology is increasingly important as its growth accelerates.
Some of the questions this Roundtable explored:
+ How is CBDC better than tokenized M1? What is the business case for small wallet balance CBDCs in a high-rate environment
+ What are the implications of a US CBDC given the role of the US Dollar in the global economy?
+ What is the regime that will work in global stablecoins and non-global stablecoins? Retail vs wholesale CBDC?
+ Where will DeFi improve the efficiency and connectivity of the financial system with new high-growth areas of the economy?
Please note that the event was held under the Chatham House Rule and was closed to the press. For additional information, please contact Mina Loldj at firstname.lastname@example.org.
IIF requires all attendees to be vaccinated against COVID-19 in advance of attending this event. We will provide more details as we get closer to the event.
COMPLIANCE WITH COVID-19 PROTOCOLS
All attendees must be fully vaccinated and comply with the COVID-19 guidelines of the local jurisdiction and IIF Offices at the time of the event. This may include social distancing, the wearing of face coverings, hand sanitation, health attestation, or other health and safety precautions. We will notify attendees of the specific protocols prior to the event.
If, during the two weeks prior to the event, you have been diagnosed with COVID-19, have been in close contact with a confirmed case of COVID-19, or have symptoms of COVID-19 which include fever, congestion, cough, and shortness of breath among other symptoms, we ask that you not attend the event in-person.
ACKNOWLEDGEMENT OF RISK
By registering for the event, you acknowledge that even diligent efforts to follow public health guidance and orders cannot guarantee that attendees will not contract the virus that causes COVID-19 at the event, and that you are participating in the event at your own risk and will comply with local government health guidelines and venue safety protocol.