Unlocking alternative payment platforms in the US

RoundtableWashington DCDigital Monetary Institute
Tue 23 Apr 202414:00 - 16:00

US policy-makers are evaluating whether a central bank digital currency is in the national interest, but the private sector is steaming ahead with various forms of tokenised cash and financial market participants are working hard to tokenise a range of assets. Regulators must come to a thorough understanding of the new rails on which value is being exchanged so that they can continue to provide effective oversight and minimise risk without stifling innovation.

Nellie Liang, under-secretary for domestic finance, US Treasury, joins OMFIF to discuss the technical and regulatory requirements for upgrading the legacy capabilities of central bank money. We will explore the potential implications for consumers, investors and businesses. We will also delve into the long-term vision for the integration of CBDCs, tokenisation and stablecoins into the broader US financial ecosystem, including potential benefits for economic growth and resilience.

Speakers

Nellie Liang

Under Secretary for Domestic Finance

U.S. Treasury

Nellie Liang

Under Secretary for Domestic Finance

U.S. Treasury

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