Legal Aspects of Central Bank Digital Currency: Central Bank and Monetary Law Considerations

This training program analyzes the legal foundations of central bank digital currency (CBDC) under the central bank and monetary law. Absent strong legal foundations, the issuance of CBDC poses legal, financial, and reputational risks for central banks. While the appropriate design of the legal framework will up to a degree depend on the design features of the CBDC, some general conclusions can be made. First, most central bank laws do not currently authorize the issuance of CBDC to the general public. Second, from a monetary law perspective, it is not evident that “currency” status can be attributed to CBDC. While the central bank law issue can be solved through rather straightforward law reform, the monetary law issue poses fundamental legal policy challenges.

This training course will highlight:

• The current policy goals and challenges of CBDC.
• The Concept, Design Features, and Legal Implications
• The Legal Risks Associated with CBDCs and cross-border payments
• The Regulations around the World for CBDCs
• Advantages, challenges, and risks of CBDC
• Central banks laws and monetary law reforms

By the end of this training course, you will be able to:

• Understand the working principle of CBDCs, and their advantages and disadvantages.
• Know the policy goals and challenges of CBDC projects.
• The legal implications of CBDCs and their features and concepts.
• Determine the Legal Risks Associated with CBDCs, as a property decentralizes status and its risks.
• Know the different regulations from central banks around the world.
• Determine the need for Central bank law reform and monetary law reform to organize the CBDCs.

• Central Bank Officials involved in the development, regulation, and implementation of Central Bank Digital Currency (CBDC) projects.
• Policymakers and Regulators responsible for shaping monetary policy frameworks and legal regulations related to CBDCs.
• Legal Professionals specializing in banking law, monetary law, and financial regulations related to digital currencies.
• Financial Sector Professionals working in banks and financial institutions undergoing digital transformation and payment system modernization.
• Technology and Fintech Professionals involved in digital infrastructure, payment systems, and financial technology solutions.
• Risk and Compliance Professionals responsible for assessing legal, regulatory, operational, and financial risks in CBDC environments.
• Researchers and Academics studying the economic, legal, and financial impact of CBDCs on monetary systems.
• Industry Consultants and Advisors supporting governments and financial institutions in CBDC strategy and implementation.