Central bank digital currency (CBDC) and stablecoins, particularly Libra/Diem as a global stablecoin, are game changers to international business. Digital currency affects digital identity and data and will significantly affect the business eco-system. This important and current topic area sees economies conducting a series of trials or exploring the possibility of CBDC (such as China and the EU). Central banks are working with international organizations (like BIS) to share their experience regarding CBDC. CBDC and global stablecoin will profoundly affect commercial banks, private payment system, technology firms, as well as businesses and other stakeholders involved in payments and that need to use currency.
These developments raise questions which include: What are the different approaches to CBDC? What is the future trend of international business in the view of CBDC? What are the implications of CBDC for regulators, businesses and other stakeholders in Australia, Singapore and the region? How should jurisdictions address the challenges and reap the benefits? Will CBDC lead to innovation in the business?
This event is co-sponsored by the Centre for Commercial Law in Asia (CCLA), Singapore Management University (SMU) and UNSW Law & Justice’s Herbert Smith Freehills China International Business and Economic Law Centre (CIBEL).
This virtual forum will involve academics from both law schools, regulators, practitioners and industry partners. The event will focus on regulatory issues surrounding central bank digital currency (CBDC) and stablecoins.
Speakers and chairs will come from the regulatory, business and academic community and will include Ms Eunice Chua (Financial Industry Disputes Resolution Centre, Singapore), Mr Joey Pang (DBS Bank), Mr Claudio Lisco (ConsenSys Australia), Professors Ross Buckley (UNSW), Heng Wang (UNSW) and Deborah Healey (UNSW), Pasha Hsieh (SMU), Kwan Ho Lau (SMU), Man Yip (SMU) and Nydia Remolina León (SMU) and practitioners from Herbert Smith Freehills.
Programme
11:00am - 12:30pm SGT
1:00pm - 2:30pm AEST
Panel 1: Challenges for CBDCs, Stablecoins, and Digital Payments in the Asia-Pacific
- What are the different approaches to digital currencies like CBDCs, stablecoins and digital payments?
- What are the regulatory challenges and responses?
- How different are the regulatory approaches and their trend?
1:00pm - 2:30pm SGT
3:00pm - 4:30pm AEST
Panel 2: Post-COVID world economy: New digital currency, a new trade agreement, and beyond
- What is the future of the world economy in view of new digital currency and the new mega agreement (RCEP) that covers banking and involves payment/electronic commerce/data?
- How would international business be reshaped in such new context (e.g. new digital currency, and a new mega trade agreement)?
- How would businesses and other stakeholders reap the benefits and address the challenges?
Detailed Programme
Speaker Bios
Find out more on the webinar website.
