Digital Currency: Technology, Challenges and Opportunities (27 August 2020)

HKU-SCF FinTech Academy Workshop Series

Digital Currency: Technology, Challenges and Opportunities
Thursday, 27 August 2020, 9:15 AM – 1:00 PM

The University of Hong Kong together with the Standard Chartered Foundation are pleased to announce the upcoming workshop on digital currency. The world has witnessed an immense advance in digital currencies in recent years. This disruptive innovation defines new ways in which financial activities can be carried out using digital technologies. The market is responding to the reality that digital currencies, either privately or central bank issued, will be an unavoidable part of the global monetary system. This workshop aims to focus on the technologies underneath digital currencies and explore the challenges and opportunities presented by digital currencies adoption. It also seeks to provide a platform for established academics and industries to exchange their insights on the implications of digital currencies, and to encourage discussions on how the existing frameworks from the perspective of law, business and technology can be extended to incorporate this new technology-enabled development.

Workshop Overviewhttps://cms-a.cs.hku.hk/digitalcurrency/

e-poster:
https://cms-a.cs.hku.hk/digitalcurrency/content/uploads/2020/07/poster.pdf

Inquiries: 2859 2180 / enquiry@cs.hku.hk

Relevant Readings

After Libra, Digital Yuan and COVID-19: Central Bank Digital Currencies and the New World of Money and Payment Systems

In addition to the workshop, the HKU Faculty of Law is pleased to highlight its recent research in the field of digital currencies. In the paper, Professor Douglas Arner and co-authors discuss the relevance of digital currencies and digital payment systems in the context of the COVID-19 pandemic. The paper analyses policy issues related to the adoption of cryptocurrencies and sovereign (i.e. central bank) digital currencies. The paper argues that most central banks should focus on the transformation of existing payments systems rather than the adoption of blockchain-based money to achieve digitization-related benefits in the context of the pandemic and beyond. The paper argues that in the long run, the reshaping of domestic money and payment systems should involve cooperation between public central banks and (new and old) private entities, which together will provide the potential to build better monetary and payment systems at the domestic and international level.

Paper available at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3622311