John Kiff was a Senior Financial Sector Expert at the IMF from 2005 to 2021, focusing on financial stability and fintech issues, and OTC derivatives. Before that, he was at the Bank of Canada for 25 years where he managed the funding and investment of the government’s foreign exchange reserves.

Kiffmeister Consulting provides advice to central banks and international financial institutions on digital currencies. It also publishes a daily update on fintech and digital payments developments, and a monthly report on central bank digital currency (CBDC) exclusively for official institutions.

Academy: A Bright Future for Retail Central Bank Digital Currency?

This session will provide an update on recent retail central bank digital currency (CBDC) developments. It will show that large-scale (“Death Star”) projects are fizzling out and discuss potential reasons why. The update will then show that projects that focus on “purpose bound” use cases are on the rise, as are those that combine tokenized deposits with wholesale CBDC.