Learning Objectives

You'll gain a comprehensive understanding of digital money and its transformative role in the future of finance. This course is designed to provide valuable insights into cryptocurrencies, stablecoins, Central Bank Digital Currencies (CBDCs), and the evolving regulatory frameworks shaping their use, making it ideal for banking professionals, fintech enthusiasts, and anyone interested in new financial technologies.

  • Explore the differences between Cryptocurrencies, Stablecoins, and Central Bank Digital Currencies (CBDC), and consider the unique benefits and challenges each presents.

  • Examine how digital money has transformed traditional financial systems, with an emphasis on the evolving relationship between banks, fintech, and emerging digital payment methods.

  • Identify significant players in the digital payments industry and understand the technological frameworks, like Distributed Ledger Technology (DLT) and blockchain, that enable these systems to function.

  • Length

    1 day

  • Form

    online live

  • Difficulty

    basic/advanced

Course Description

Understand Digital Money

This course provides a deep dive into the various forms of digital money, including e-money, cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs), with a focus on comparing their unique characteristics, benefits, and challenges. You'll explore how these forms of money are reshaping financial systems, gaining insights into blockchain technology, market dynamics, and the evolving regulatory landscape. Designed to bridge the gap between traditional finance and the crypto world, this workshop is ideal for banking professionals looking to understand digital assets and crypto experts seeking to connect with the established financial sector. Through theory, real-world case studies, and practical discussions, you'll gain a comprehensive understanding of how digital money can unify diverse financial perspectives.

Live course with a lecturer

This is Bearning's live interactive course with a lecturer. You can attend as follows:

  • 📅❌ If no specific date is listed for the course, then we currently only offer this course as an inhouse course for institutions or groups of participants (3+ ). Contact us by email for more information. We are always happy to tailor this course to your requirements. We can deliver it online or in person.  
  • 📅✅ If the course is listed for a specific date, you can sign up for it by registering and paying the fee. We will confirm your registration for the course and send you a link to connect (usually via Zoom or MS Teams) and a PDF of the presentation prior to the course. You can also register for the course by email, or you can contact us for further information. Course content and further details can be found on the course page. 

Content


1. Introduction to Digital Money

  • The Evolution of Financial Systems: Explore how the digital era is reshaping traditional financial systems and driving innovation in money and payments.
  • Fiat Money vs. Digital Money: Compare traditional fiat currencies with digital money, examining their characteristics, benefits, limitations, and roles in modern economies.
  • Digital Payments and Market Dynamics: Understand the ecosystem of digital payments and the roles of key market players, from fintech disruptors to established financial institutions.

2. Foundations of Distributed Ledger Technology (DLT) and Blockchain

  • How It Works: Dive into the fundamentals of DLT and blockchain technology, including distributed databases, cryptography, and hash functions.
  • Blockchain Types and Consensus Models: Explore public, private, and hybrid blockchains, and understand consensus mechanisms such as Proof of Work (PoW) and Proof of Stake (PoS).
  • Smart Contracts: Learn about programmable transactions and their practical applications.
  • Blockchain in Practice: Examine real-world use cases of blockchain across industries, including finance, supply chain, and governance.

3. Cryptocurrencies and Stablecoins

  • Cryptocurrencies Today: Analyze current trends, adoption, and market capitalization within the crypto ecosystem.
  • Stablecoins: Understand the mechanics, types, and roles of stablecoins in providing price stability and bridging traditional and digital finance.
  • Case Study – The Collapse of Terra and Luna: Lessons learned from the stablecoin ecosystem’s failures.
  • Cryptocurrencies and Crime: Address concerns related to money laundering, fraud, and other illicit activities in the crypto space.

4. Central Bank Digital Currencies (CBDCs)

  • What is CBDC?: Define CBDCs and their role in modernizing monetary systems.
  • CBDC Models and Architectures: Compare various designs, including retail vs. wholesale models and account-based vs. token-based structures.
  • Innovative CBDC Projects:
    • BIS Innovation Hub: Key global initiatives and collaborative projects on CBDCs.
    • Bank of England: Insights into the UK's exploration of a digital pound.
    • Digital Euro: Overview of the European Central Bank's progress and goals for the Digital Euro.

5. Global Regulation of Digital Currencies and Cryptoassets

  • International Perspectives: Understand how global financial authorities, including BIS, BCBS, and IMF, view and regulate fintech innovations and cryptoassets.
  • Prudence in Regulation: Explore BIS’s cautious approach toward cryptoassets and the need for robust safeguards.
  • Case Study – The FTX Failure: Lessons from the collapse of a major crypto exchange and its implications for regulatory frameworks.
  • EU Regulation MiCA (Markets in Cryptoassets): A look at the scope, objectives, and impact of MiCA on crypto regulation in Europe.

Instructor

CEO, Bearning Martin Macko

Martin started his career in banking in 1994 as an MM&FX Treasury trader. Later he was appointed Treasury Director and Chairman of ALCO at a subsidiary of an international banking group. In 2007, Martin founded a consulting company. Later, Bearning expanded its activities to include professional banking education in the areas of ALM & Treasury, financial markets, risk management, fintech and digitalization. Martin holds several degrees and qualifications: Ing. (equivalent to M.Sc.) from the Slovak Technical University, ACI Dipl. (ACI Dipl.) from the Financial Markets Association, Financial Modeling & Valuation Analyst (FMVA)® and Certified Banking & Credit Analyst (CBCA)™ and Capital Markets & Securities Analyst (CMSA)® from the Corporate Finance Institute.

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