Manama, Kingdom of Bahrain:– As part of her membership at the World Economic Forum’s (WEF) Digital Currency Governance Consortium (DCGC), Director of FinTech & Innovation Unit at the Central Bank of Bahrain (CBB) Yasmeen Al-Sharaf, has contributed in the preparation and review of two whitepapers published by WEF as a part of a series of whitepapers composed of eight parts, exploring a number of critical topics relating to Central Bank Digital Currencies (“CBDC’s”) and stablecoins.
As a member of WEF’s Digital Currency Governance Consortium, Ms. Al-Sharaf has participated in a series of virtual workshops and roundtables over the course of 2020-2021 to address key questions and governance gaps relating to digital currencies, which led to the publication of the whitepapers. The CBB’s participation aims at benefiting from sharing experience and views and enhancing knowledge of this emerging field.
The series of whitepapers published by WEF aim to inform policy-makers, digital currency issuers, financial and civil society organizations and other stakeholders on the capabilities, risks and the available policy and technology choices with respect to CBDC’s and stablecoins.
The whitepapers contributed by Ms. Al-Sharaf, explore the potential role that central banks and public institutions could take with respect to CBDC’s and stablecoins, highlighting key opportunities for public-private and intergovernmental cooperation and the policy gaps and inconsistencies from existing approaches towards retail CBDC’s and stablecoins and provides an initial framework for policy-makers to address these gaps and inconsistencies.
The CBB continues to support the development of its workforce, including participation in such international forums, in the light of increasing developments in the financial sector.
You can view the whitepaper series on the WEF website:
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.