📢 We're proud to unveil our latest collaborative effort, "Standards and Interoperability: The Future of the Global Financial System," co-authored with the Atlantic Council. This work springs from our productive discussions during the jointly hosted global convening in November 2023.
Digital currencies in their promise and potential, are emblematic of a broader shift—a movement towards a more efficient, frictionless digital infrastructure, shaping the future of international trade, cross-border payments, and global financial integration. However, with transformative potential comes inherent complexity. As fiat currencies become more intertwined with technology, there are significant implications for #privacy, human rights, #cybersecurity, digital financial inclusion, and the movement of money across borders for international trade, aid, investment and other payments. If designed without a common framework of #standards and collaboration, a shortsighted and fragmented approach to digital currency development could lead to the emergence of walled gardens.
As G20 payments working group's targets evolve to include the digital asset ecosystem, we elaborate on the key themes that new standards will need to address. Check out our comprehensive section on existing work on standards, which looks at the role of IMF, FATF, FSB, IOSCO, SWIFT and others in the future of the financial ecosystem.
Additionally, for the full recap of the 2023 global convening, "Exploring Central Bank Digital Currency: Evaluating Challenges & Developing International Standards" and pre-register for 2024 check out: https://lnkd.in/e_hypEPk
Thank you Jennifer B. Lassiter, Katherine Haar, Ananya Kumar, and Alisha Chhangani for your incredible work!
J. Christopher Giancarlo David Treat Charles Giancarlo Daniel Gorfine Elizabeth Gray Dominic Paolino
Thanks J. Christopher Giancarlo! It’s a pleasure to have you in the CG Pantheon NFT collection! 🎉