Focus Group on Digital Currency including Digital Fiat Currency

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FG DFC

Focus Group on Digital Currency including Digital Fiat Currency

SCOPE

The main objectives of the Focus Group are:

  • Study the economic benefit and impact of introducing DFC over mobile money;
  • Investigate the ecosystem of digital fiat currency implementation for financial inclusion;
  • Map the functional network reference architecture and process components required to implement digital fiat currency and integration with existing payment systems for interoperability;
  • Identify use cases, requirements and applications of digital fiat currency;
  • Develop better understanding of the security, regulatory implications, consumer protection, fraud prevention and counterfeiting issues of DFS and how can digital fiat currency can address these concerns;
  • Identify critical sovereign security, transparency and verifiability of DFC technology and provide guidelines towards the escrow of critical software and hardware components to ensure trust and verifiability; and
  • Identify new areas for standardization in ITU-T study groups.
WORKING GROUP
Focus Group on Digital Currency including Digital Fiat Currency
WIKI WATCH

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