公共数字货币时代（英文）

The Age of Public Digital Currency: A Guide To IssuanceGLOBALDIGITA LFINANCEsupported by:02 The Age of Public Digital Currency: A Guide To Issuance | October 2020ContentsForeword 04Authorship 05I. Introduction 07II. How cryptocurrencies developed 08III. Solutions available today 11IV. Policy considerations 12V. Summary 18VII. Further reading 1804 The Age of Public Digital Currency: A Guide To Issuance | October 2020ForewordIn the past 18 months the subject of Central Bank Digital Currency has accelerated dramatically from potential research areas, to key policy agenda. Unquestionably, this has been driven by developments in Facebook-initiated Libra where the spectre of the private sector playing more of a role in medium of exchange and store of value was entirely possible.In this time we’ve also seen the People’s Bank of China develop it’s Digital Currency Electronic Payment platform (DECP), which it is aiming to streamline and improve the connectivity between central bank payments, the commercial banking sector and big techs who play a crucial role in payments.In its recent whitepaper on CBDCs the Bank of International Settlements found that at least 48 central banks now have some active research or proof of concept in development for CBDC. Since the rise of the COVID-19 pandemic, cash circulation has dropped significantly in many economies, digital payment types have increased, and the focus on efficient, fair and transparent payments has become high profile in all areas of the economy.The subject is vast, and offers opportunities to potentially drive real policy opportunities, market efficiency and perhaps most excitingly, better outcomes for consumers around the world. There are a number of great documents and papers on this subject, however it is increasingly difficult to stay on top of it all. So, GDF’s Digital Currency Working Group has pulled together this report to offer the current state overview from an industry perspective.Lawrence WintermeyerExecutive Co-Chair, Global Digital Finance Simon TaylorCo-Chair & Guarantor,Global Digital Finance05Working Group Co-chairsJohn CollinsPartner FS VectorJohn has diverse government and industry experience and is a globally recognized fintech and cryptocurrency policy leader. He served as the first Head of Policy for Coinbase and as Vice President for International Policy at the Bankers Association for Finance and Trade, the international subsidiary of the American Bankers Association. He most recently led the U.S. office for Red Flag Consulting, a global public affairs and business consulting firm. Prior to his time in industry, John served as Senior Professional Staff for the U.S. Senate Committee on Homeland Security and Governmental Affairs and was the lead staffer for the U.S. Congress’ first work into virtual and cryptocurrencies in 2013.Lavan Thasarathakumar,Head of Regulatory Affairs, EMEA, GDF Lavan is a former Advisor at the European Parliament and advised on a number of