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Agenda

Tuesday, February 20, 2024
Wednesday, February 21, 2024
10:00 - 10:10
Inauguration of the CBDC Conference LATAM 2024
Duration: 10 min
speaker
CBDC Conference LATAM
10:10 - 10:30
Inauguration speech
Duration: 20 min
speaker
Director of the Innovation Center - BIS (Bank for International Settlements)
10:30 - 11:00
Experimentations for use cases with Wholesale CBDC
Duration: 30 min

This presentation reports on the work of Banco de la República de Colombia in the area of wholesale CBDC.

speaker
Deputy Director of Payment Systems Department | Banco de la República Colombia
11:00 - 11:10
Pause
Duration: 10 min
11:10 - 11:35
Back to the future. A CBDC prototype after a CBDC pilot
Duration: 25 min

Uruguay was one of the first countries to launch a CBDC pilot in 2017, after this first pilot the technology and objectives for a CBDC have changed and the discussion has become global. What can a central bank learn from a prototype after a pilot? What aspects can be tested in prototypes to launch efficient pilot schemes? This paper takes up the research process of the Central Bank of Uruguay on CBDC and on the challenges of the Payment System.

speaker
Central Bank of Uruguay, Director of Economic Policy and Markets
11:35 - 12:00
Accessibility and resilience: Why is offline functionality important?
Duration: 25 min

The offline feature is fundamental to a CBDC: it must be accessible to all segments of society, regardless of network connectivity or access to a smartphone. Financial inclusion is at the heart of this objective. In addition, a public payment system must be resilient. CBDC, like all digital payments, inherently depends on a connection to a network to function. But payment is a critical infrastructure that must continue to function even when the power goes out. During this session we will explore the different scenarios and benefits of implementing offline payments.

speaker
Gerente Comercial de Proyectos CBDC | Giesecke+Devrient (G+D)
12:00 - 12:25
The Ecosystem Economic Model
Duration: 25 min

What is the most appropriate design of the economic model of a core banking digital currency (CBDC) ecosystem? In this talk we will discuss different ecosystem configurations and economic models that specify "who does what and under what terms", e.g. how to determine the price for network usage and price regulation of digital wallets. We will analyze various CBDC ecosystem configurations discussing economic and technological costs and benefits, as well as their potential impacts.

speaker
Director of CBDC and Fintech Policy and Research | Bank of Canada
12:25 - 12:35
Pause
Duration: 10 min
12:35 - 13:00
CBDCs and financial inclusion
Duration: 25 min

Tokenized assets can be transferred or exchanged easily, fractionally and atomically through smart contracts that automate new business models. These innovations reduce costs and mitigate risks, while fostering financial inclusion. However, to achieve them, it is necessary to have a risk-free asset, also tokenized, and a secure and reliable settlement platform. The Central Bank of Brazil understood this opportunity and considered the development of the Drex initiative for a wholesale CBDC. We share the experience and current challenges of this initiative, emphasizing the challenges to ensure privacy.

speaker
Senior Advisor, Head of Drex Initiative | Banco Central do Brasil
13:00 - 13:25
Legal and institutional challenges for central banks and their CBDCs in a tokenized economy
Duration: 25 min

Marcus and Guilherme will share some thoughts on the legal and institutional challenges of central banks and CBDCs in a tokenized economy, from the Brazilian perspective. The Central Bank of Brazil has published guidelines for the future issuance of its wholesale CBDC (known as Drex) and has launched a pilot project, which will conclude by the end of 2024. The Drex platform has the potential to be a Distributed Ledger Technology (DLT) ecosystem in the near future, fostering financial innovation in Brazil by incorporating the idea of "programmable money" into regulated financial and payment systems, but also bringing new legal and institutional challenges for the Central Bank of Brazil.

Note: This presentation will be in Portuguese. The presentation slides will be in Spanish.

speaker
Counsel to the General Counsel : Banco Central do Brasil - BCB
speaker
Lawyer of the General Counsel's Office : Banco Central do Brasil - BCB
13:25 - 13:50
CBDCs and cross-border transactions
Duration: 25 min

Can central bank digital currencies make cross-border transactions faster, cheaper and more efficient? The presentation will summarize BIS Innovation Hub projects that seek to answer this question.

speaker
Senior Economist| Bank for International Settlements (BIS)
13:40 - 14:00
Pause
Duration: 20 min
14:00 - 15:00
Roundtable: Designing a User-Centric Digital Payments Ecosystem
Duration: 60 min

For a CBDC to be successfully launched in the market, different interests have to be taken into account and several prerequisites have to be fulfilled. But what exactly are these prerequisites, how can they be influenced and what interests need to be taken into account? These questions will be discussed in this roundtable.

speaker
Director of the Innovation Center - BIS (Bank for International Settlements)
speaker
IDEMIA Secure Transactions, CBDC Commercial Project Manager
speaker
Blockchain & Crypto Lead | Grupo Bancolombia
speaker
Head of the Center for Financial Innovation | Financial Market Commission
speaker
Digital Development Specialist | International Monetary Fund
15:00 - 15:10
Pause
Duration: 10 min
15:10 - 16:10
Roundtable: How to test and implement a CBDC
Duration: 60 min

In order to successfully introduce a CBDC in the market, various interests must be taken into account and several requirements must be met. But what exactly are these interests and requirements, and what conditions must be met to satisfy them to ensure the success of the CBDC? These questions will be discussed in this roundtable.

speaker
Founder and President | Kaleido
speaker
LACChain (IADB-LAB), Head of Ecosystems and Communities
speaker
Central Bank of Uruguay, Director of Economic Policy and Markets
speaker
Co-founder : Sovereign Official Digital Association (SODA)
10:00 - 11:00
Roundtable : Cross-border payments with CBDC
Duration: 60 min

Cross-border payments could be an important area of application for CBDC. But what advantages do CBDCs offer in this area, what other options exist and what challenges do they face? These questions will be discussed in this roundtable.

speaker
Central Bank of Brasil, Deputy Head, International Affairs Department
speaker
Senior Economist| Bank for International Settlements (BIS)
speaker
Associate Director General, Payments and Market Infrastructures | Banco de España
speaker
Fintech Expert & Podcast Host | Finance 2100 | The Fintech Global Podcast
11:00 - 11:10
Pause
Duration: 10 min
11:10 - 11:35
CBDCs in Asia: a survey of the main projects
Duration: 25 min

Although more than 80% of Central Banks in the world are working on CBDCs, Asia is the continent in the world where we can find a greater number of projects and interest, if possible. The speaker will analyze the main CBDC projects on the Asian continent, especially the digital yuan, digital yen, digital won, as well as some wholesale CBDC projects such as the mBridge project, to see what problem each project wants to solve and what is the current status of these projects.

speaker
A Digital Tomorrow, Founder of the Podcast A Digital Tomorrow and Director of the Global Impact FinTech Forum (GIFT)
11:35 - 12:00
The challenges and opportunities of implementing CBDC and tokens in a payments ecosystem for individuals
Duration: 25 min

The process of digitalization and transformation of the financial system still has debts to pay. People still do not perceive themselves as the protagonists of their finances. Open Finance is an opportunity to give people control over their finances. CBDCs and tokens have the potential to close the loop, enabling a better payments experience. To achieve these goals, there are challenges common to any digital change process. While other obstacles and opportunities specific to CBDCs and tokenization must be evaluated before the first line of code is written, the following are some of the most important ones

speaker
Senior Payments Specialist : Banco de Credito e Inversiones
12:00 - 12:25
Programmability and Tokenization
Duration: 25 min

Programmability is expected to drive innovation, efficiency and resilience in the global financial system. It also shows synergies with current tokenization trends. However, the concepts and implications of these developments are not widely understood, leading to new risks and missed opportunities. This presentation will set out fundamental concepts and conditions necessary for a safe and successful development

speaker
Lecturer | Université Paris Panthéon-Sorbonne
12:25 - 12:30
Pause
Duration: 5 min
12:30 - 13:30
Roundtable: Tokenization vs CBDC
Duration: 60 min

Asset tokenization allows the digital representation of assets that can be used for monetary transactions. On the other hand, CBDCs are digital currencies issued by central banks that can be used as a secure and efficient way to conduct financial transactions.

Both solutions have advantages and disadvantages, strengths and weaknesses. This roundtable will discuss these aspects.

speaker
Chief Operating Officer | LACNet
speaker
Lecturer | Université Paris Panthéon-Sorbonne
speaker
Senior Payments Specialist : Banco de Credito e Inversiones
speaker
Banco Central de Chile, Director (Member of the Board)
speaker
A Digital Tomorrow, Founder of the Podcast A Digital Tomorrow and Director of the Global Impact FinTech Forum (GIFT)
13:30 - 13:40
Closing speech at the CBDC LATAM 2024 Conference
Duration: 10 min
speaker
CBDC Conference LATAM

Contacts of organizer

About US

The CBDC Conference is organized by Lighthouse Communications LLC (www.lighthouse-communications.ch), an entity registered and headquartered in Zug, Switzerland.

Conferences organized by Lighthouse Communications are characterized by their high-quality content and innovative formats, which support learning and foster communication among the participants. 

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