After Bitcoin and Libra – Central Bank Digital Currencies
In this episode of Looking Back, Looking Forward, Professor Douglas Arner discusses the ways in which technology can be used with the aim of creating better financial systems.
Examples include China’s digital currency and electronic payment projects, along with Facebook’s launch of the second Libra White Paper (a proposed global stable coin). As governments are utilising electronic payments more increasingly due to COVID-19’s impact, central bank digital currencies are able to play an significant role in building better economies while shaping societies to deal with such crises.
For more information on the University of Hong Kong’s financial technology programme, visit http://www.hkufintech.com and discover the transformation of information technology’s ever-growing impact on finance.