On the Money: Central Bank Digital Currency Explained

Overview

This seminar is a primer on central bank digital currencies (CBDCs) for attorneys. Panelists give an overview of central banking, fiat currency, and the central-commercial bank relationship, review modern payment systems and their pain points, cover stablecoins and tokenization, and highlight central bank CBDC initiatives around the world. It concludes with the challenges, uncertainties, and legal takeaways of CBDCs.

What you’ll learn

• ✓Explain central banking, fiat currency, and payment systems
• ✓Distinguish CBDCs from stablecoins and cryptocurrencies
• ✓Survey global central bank CBDC initiatives and design considerations
• ✓Identify privacy, AML, and consumer protection issues raised by CBDCs

Curriculum

1. 1. On the Money: Central Bank Digital Currency Explained 

   In this seminar, our expert panelists begin by providing an overview of central banking and its goals, fiat currency, and the relationship between central banks and commercial banks. Next, our speakers review the fundamentals of modern payment systems and their ‘paint points.’ Our experts briefly review stablecoins and tokenization, before highlighting some central bank initiatives across the globe and their key design considerations. Finally, our speakers conclude with the challenges, uncertainties, and key takeaways of central bank digital currencies. Topics covered in this webinar: Overview of Central Banking & Fiat Currency Payment Systems Stablecoins & Tokenization Central Bank Initiatives Central Bank Digital Currency Opportunities & Challenges

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Your instructors

Daniel B. Garrie

Founder, Law & Forensics; Neutral at JAMS; Faculty at Harvard

Law & Forensics LLC · JAMS · Harvard · Rutgers Law School · Journal of Law & Cyber Warfare

Daniel B. Garrie is the founder and executive managing partner of Law & Forensics LLC, a boutique cybersecurity and forensic engineering firm he co-founded in 2008. He serves as a neutral, arbitrator, and forensic special master at JAMS, focusing on cybersecurity, cryptocurrency, and complex technology disputes, and holds faculty appointments at Harvard and Rutgers Law School. A patented software inventor and prolific author, he is editor-in-chief of the Journal of Law & Cyber Warfare and a widely cited authority on computer forensics, eDiscovery, and cyber litigation.

David A. Cass

Senior Partner, Law & Forensics; Adjunct Faculty, Harvard & Rutgers Law

Law & Forensics LLC · Harvard · Rutgers Law School · Global Cyber Institute

David A. Cass is a senior partner at Law & Forensics LLC, where he leads the Cryptocurrency and Digital Banking Practice and is a member of the Cybersecurity and Forensics Practice. His background spans financial services regulation, cryptocurrency, digital assets, blockchain, and cloud, including service as a lead regulator at the Federal Reserve Bank of New York and as CISO and Global Partner of IBM's Cloud Security Service unit. He teaches as adjunct faculty at Harvard and Rutgers Law School and is a faculty member at the non-profit Global Cyber Institute.