Exploring the Possibilities of Central Bank Digital Currencies
Not too long ago, any discussion of virtual currencies in a banking audience was frowned upon as supporting illicit activity. How that has changed! Virtual currencies have a market cap of more than $1 trillion and multiple governments are considering Central Bank Digital Currencies. The OCC has ruled that a financial institution may validate, store and record payments transactions by serving as a node in certain types of virtual currency networks. Do you know enough about virtual currencies to evaluate how they may affect your strategies?
Questions answered during this session:
1. How do virtual currencies work?
2. What is the relationship between Bitcoin, virtual currencies, stablecoins and CBDCs?