Wednesday, 13 November 2019
4:30 pm to 6:00 pm
Venue: Amphi Mork – INSEAD Asia Campus, Singapore
Antonio Fatas
Professor of Economics
The Portuguese Council Chaired Professor of European Studies
INSEAD
The announcement of the launch of Libra, a private global cryptocurrency, has reignited the debate on the future of digital forms of payments controlled by the private sector. A debate that started with the creation of Bitcoin and led to predictions (and fears) on disruptive scenarios for financial systems, payments or even central banks. Many questions remain open: Is there a role for a global digital currency? Will the use of private digital currencies (such as Libra or Bitcoin) become widespread? As legacy monies disappear, what happen to the role of central banks in the payment systems? How should we regulate tech companies that become large players in the payments system and financial markets? In this session we provide answers to these questions and look at potential scenarios for the development of new forms of digital money.
