Training on Central Bank Digital Currency (CBDC)

The growth and volatility of unregulated cryptocurrencies have sparked interest, especially as Blockchain technology promises to resolve economic development limitations. Central banks face pressure to respond to cryptocurrency advances and improve legacy payment systems, leading to experimental projects on Central Bank Digital Currencies (CBDCs). This UPHILOS training course offers a comprehensive overview of CBDCs for finance and banking professionals, covering central banks' strategies and potential implications of introducing a CBDC. Participants will explore the transition from traditional fiat to private electronic money and its impact on central banks and monetary policy.

Course Highlights

• Current Monetary Ecosystem: Understand the status and shift toward digital currency.
• Blockchain and CBDC: Examine their technological relationship.
• CBDC Design: Learn about the conceptual framework and implementation.
• Global Use Cases: Study multiple CBDC projects worldwide.
• Benefits and Risks: Analyze the advantages and challenges of CBDCs.

Objectives

By the end of this course, you will be able to:

• Recognize the Need for CBDCs: Understand why transitioning to digital currency is essential.
• Understand Influential Technologies: Learn about technologies impacting global monetary systems.
• Differentiate CBDC Types: From design guidelines to implementation and interoperability.
• Assess CBDC Advantages: Evaluate technical and economic benefits and challenges.
• Compare Global Projects: Examine varied CBDC implementations worldwide.

Training Methodology

The course combines brief presentations, round table discussions, and group brainstorming sessions. Participants will engage in hands-on activities to explore banking and technology integration, culminating in a competition to design a new CBDC.

Organizational Impact

• Implications of Cryptocurrencies: Understand the effect on the banking sector and regulatory response.
• Bank Collaboration: Learn how commercial banks can work with central banks on regulated digital currency.
• Monetary System Trends: Gain insight into global monetary system innovations.
• Embrace New Technologies: Leverage Blockchain to enhance monetary systems.
• Impact on Monetary Policy: Explore financial innovation's influence on policy.

Personal Impact

Participants will gain:

• Deep Knowledge of Digital Currencies: Focus on CBDCs and their distinctions.
• Blockchain Insights: Recognize its impact on the banking sector.
• CBDC Design Skills: Learn best practices for designing and implementing CBDCs.
• Global Project Understanding: Study leading CBDC projects worldwide.

Who Should Attend?

This course is for senior executives and managers in banking, financial institutions, and regulatory authorities. It benefits:

• Executives and C-level employees
• VPs and department heads
• Regulatory directors
• Digital banking and innovation teams
• Central bank executives

Course Outline

Module 1: The Road to Central Bank Digital Currency

• Understanding Money and Transition to Cashless Society
• Financial and Monetary Challenges

Module 2: Blockchain: The Revolutionary Technology

• Distributed Ledger Technology and Blockchain Benefits
• Interactive Workshop: The Blockchain Game

Module 3: Concepts of Central Bank Digital Currency

• CBDC Models and Governance
• Interactive Workshop: Design a New CBDC

Module 4: CBDC: Pros, Cons, Challenges & Risks

• System Redesign with Commercial Banks
• Security, Privacy, and Compliance

Module 5: Global CBDC Projects and International Landscape

• Case Studies: Digital Yuan, Sand Dollar, E-krona, Aber, Digital Euro

Certification

Upon successful completion, participants will be awarded the prestigious Uphilos Certificate. This certification affirms your expertise in Central Bank Digital Currencies and your commitment to advancing financial innovation and integrity.