The Safety of Money - Traditional Vs. Digital 2021 | CFA UK | 2 September 2021 | Webinar

Since there has been money in circulation, there have been attempts to benefit from the issuance of fake coins and notes. The fraudsters became more and more sophisticated and, therefore, the security and safety features of the “real” money, had to become more complex and fraud-proof. To develop safety features of bank notes is something that is intuitively understandable, but how does it work for any other mode of payment? In particular, how can digital currency be made “fake resistant”?

This session will discuss:
• The history of secure payment systems
• The challenges of money security with digital currencies
• Different concepts to make digital central bank money secure
• Standard for digital central bank money