I’ve updated my retail and distributed ledger technology (DLT-based) central bank digital currency (CBDC) tabulations. [See the retail CBDC tabulation here and the DLT-based wholesale CBDC tabulation here]
IMF and World Bank approach to cross-border payments technical assistance
The IMF and World Bank published a paper that outlines their multi-year strategy to provide technical assistance (TA) to help member countries meet the G20 Roadmap for Enhancing Cross-border Payments. A stocktaking exercise shows that their TA supports the Roadmap’s three interconnected priority themes: (i) payment system interoperability and extension, (ii) legal, regulatory, and supervisory frameworks, and (iii) cross-border data exchange and message standards. Going forward, the TA will focus on access to payment systems, extending and aligning operating hours, interlinking of payment systems (especially fast payment systems), promoting the access to and use of digital ID and data exchange across borders, ISO 20022 message standards harmonization, and the application of Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) rules. [Read more at the IMF]
FYI here are some of my upcoming speaking engagements:
– Digital Euro Conference 2024 (Frankfurt on February 29)[Register here]
*For those interested in intra-day updates, check out my searchable Diigo Fintech developments database, which is also a good place to go to query for past developments: https://www.diigo.com/user/kiffmeister/ART.
Kiffmeister’s central bank digital currency monthly monitor
Just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So (only) if you work at a central bank, ministry of finance or international financial institution (e.g., the BIS, IMF, OECD, World Bank) and who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at chronicles@kiffmeister.com
The Sovereign Official Digital Association (SODA) is a technology-agnostic firm offering advisory services at the intersection of central banking, digital finance and the web3 industry, aiming to make public digital money a reality. SODA believes institutions in the existing financial ecosystem should have access to the tools and resources they need to move from discussion to action. SODA offers ‘real life’ use cases to help test digital money and drive adoption as central banks and other public institutions explore the future of a more financially inclusive world powered by interoperable blockchain-based networks. SODA would love you to join us on this journey – please get in touch (chris@sodapublicmoney.org).
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