Kiffmeister’s #Fintech Daily Digest (01/24/2022)

Bank of Korea Says First Phase of CBDC Test Completed Successfully

The Bank of Korea announced the completion of the first phase of its central bank digital currency (CBDC) proof of concept work, in which basic functionality (e.g., minting, issuance and distribution) were successfully simulated. In the next phase, other functions such as offline payments and adding personal information protection will be tested. After the second phase is completed in June 2022, a pilot may be launched in cooperation with financial institutions. [Read more]

China’s central bank expands hunt for digital currency talent

The People’s Bank of China’s Digital Currency Institute’s Shenzhen Institute of Financial Technology published 132 job listings for work on its digital yuan pilot programs. [Read more]

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DC3 Conference – From Cryptocurrencies to CBDCs

The International Telecommunication Union (ITU) is organizing the “DC3 Conference – From Cryptocurrencies to CBDCs” scheduled to take place virtually from January 25 – 27, 2022. The Digital Currency Conference is organized by the Digital Currency Global Initiative (DCGI) which is a joint collaboration between the ITU and the Future of Digital Currency Initiative at Stanford University. I’ll be part of a “fireside chat” on the DCGI’s digital currency ontology work. [Register here]

Central Bank Digital Currency Workshop, Hosted by the CBDC Think Tank 

The CBDC Think Tank (CBDCTT)  is hosting an in-person CBDC Workshop in Washington DC on February 24. It’s an intensive and hands-on CBDC course for central bank leadership and staff that are looking to understand and position for CBDCs. The workshop is a mix of lectures from CBDC experts and hands-on exercises. Certification of completion will be provided by the CBDCTT. Note that it is open only to staff from the official sector, such as central bank and finance ministry staff! [Register here]