Cryptocurrencies and Digital Currencies
Towards Equitable Technology
September 27, WED
16:00 - 17:15
Addressing the world's sustainable development model will require a significant increase in funding, with particular attention to topics related to poverty, social inequality and environmental degradation that governments alone simply cannot address. Even before the COVID-19, nations faced trillion-dollar annual funding gaps to achieve the UN Sustainable Development Goals. The pandemic has only intensified this funding gap, which has been particularly acute in emerging economies.
One of the solutions may be the global development of Islamic finance, being an important off-standard source of financing for sustainable development.
Speaking about the development and improvement of human welfare it should be noted that the key role in this process is played by the national financial systems of various countries, which are increasingly influenced by technological innovations being able to restore confidence in the financial sector of the economy.
In the last few years, a completely new class of financial assets has emerged: crypto and digital currencies, which have the potential to change the entire financial sector of the global economy. It is necessary to be very clear about the real possibilities of crypto and digital currencies, including the economic consequences of their emergence and use.
The technologies applied on the basis of digital currencies and distribution registers allow developing a new system of international settlements, actively contributing to the development and preservation of stability of financial markets, creating space for building an unprecedented, constructive, systemic, international dialog.
Spyridon V Bazinas
Secretary of Working Group VI (Security Interests) of the UN Commission on International Trade Law (retired), Visiting Professor at University of Vienna
President's Advisor, Special Presidential Envoy for Climate Change of the Russian Federation
Professor at the Paris School of International Affairs of the Sciences Po, President of the United Nations General Assembly’s 67th Session
Secretary of the Civic Chamber of the Russian Federation, Chairman of the Council (Head) of the Private Law Research Centre under the President of the Russian Federation Named After S.S. Alexeev
Chairman of the Moscow Exchange Supervisory Board
Editor-in-Chief, RBC TV-Channel
Associate Professor of the Economic Law School, Southwest University of Political Science and Law, People's Republic of China
* The Programme may be subject to change