Central banks participate in the manufacture of modern financial technologies
Economie Today, 11:40
The Arab Monetary Fund announced, today, Monday, the launch of a training course directed at cadres working in central banks, under the title (Regulatory Frameworks and Legislations for the Industry of Modern Financial Technologies). A statement by the fund stated that
"the course, which will continue until the eighth of this month, is also directed to those concerned with issues of modern financial technologies and the staff working in the capital market authorities and stock exchanges and ministries of finance who are specialized in issues of modern financial technologies." He added,
"It aims to deepen the participants' understanding of the regulatory framework for the modern financial technology industry, as well as discussing many axes,
the most important of which is building an incubating environment and effective national strategies for modern financial technologies and blockchain technologies."
The course reviews some of the different aspects of regulating modern financial technology activities, such as
- regulating open financing activities,
encrypted financial assets and digital contracts,
digital financial services consumer protection frameworks,
data protection frameworks and customer information privacy, and
electronic know-your-customer rules to combat laundering. Funds and financing of the cuticle.
It will also shed light on digital regulatory and supervisory solutions to support the regulatory and supervisory authorities in regulating this industry.